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20
Major crypto exchange halts stablecoin withdrawals...Transactions with the dollar-pegged USDC token have been “temporarily” suspended, Binance says... (web.archive.org)
posted 1 year ago by Taffy333 1 year ago by Taffy333 +20 / -0
Major crypto exchange halts stablecoin withdrawals
Binance has stopped withdrawals of USDC stablecoin amid liquidity concerns
web.archive.org
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▲ 5 ▼
– Retaining_H2O 5 points 1 year ago +5 / -0

Maybe they should change the name to...

UN-Stable Coin, or perhaps Worthless Coin... or better yet, Imaginary Coin.

Your investment is gone... but someone is enjoying the yacht they bought with it.

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▲ 3 ▼
– merf 3 points 1 year ago +3 / -0

In the crypto community these coins have always been laughed at and regarded as an obvious fraud, but incurious regulators always seem inclined to look the other way when it's obvious fraud charges could be brought forward.

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▲ 2 ▼
– GrandCherokeeDvr 2 points 1 year ago +2 / -0

ie. Tether

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▲ 3 ▼
– Plebbitimmigrant 3 points 1 year ago +3 / -0

So. How long till the next exchange falls?

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▲ 1 ▼
– oceanside13 1 point 1 year ago +1 / -0

I think the next big fall will be tether. I'm sure a few smaller exchanges will disappear. When tether gets exposed the whole market will dump A LOT.

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