Binance updates USDC reserves: Nearly $3 billion in custody, Ethereum withdrawals back to normal. CZ: Stability restored, teases mysterious prophecy.
Binance temporarily suspended USDC withdrawals on the Ethereum, BEP2, and TRON chains on 12/13, causing unrest in the community. Founder Changpeng Zhao stated that due to the conversion to USDC, there would be a slight delay due to non-US bank operating hours. Recap of yesterday: "Binance USDC liquidity shortage" summary
Binance founder Changpeng Zhao stated on the 14th here: "The situation looks stable now, yesterday wasn't even the busiest withdrawal day, not even top five, we've handled more during the LUNA and FTX crashes. Deposits are flowing back now." He even made a cryptic prediction message, indicating a possible announcement within 1-2 years to see if it's accurate, with the online community viewing it as positive news for BNB.
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Nansen Statistics: Binance Holds Nearly $3 Billion USDC Reserves
According to on-chain data statistics, Binance's addresses now hold nearly $3 billion USDC, accounting for 4.92%.
Ethereum Withdrawals Back to Normal, Expected in 5-10 Minutes
Currently, Ethereum withdrawals for USDC are back to normal, except for BEP2 and TRON which are still suspended, all other regular channels show 5 or 10 minutes:
USDT to BUSD Exchange Also Back to Normal
Due to a rare price difference between BUSD and USDT yesterday, it quickly returned to normal:
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