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HomeDigit NewsCryptoCom Stops Depositing and Withdrawing USDC and USDT on the Solana Blockchain

CryptoCom Stops Depositing and Withdrawing USDC and USDT on the Solana Blockchain

Global cryptocurrency exchange Crypto.com has announced that it is suspending deposits and withdrawals of USDC and USDT stable coins on the Solana blockchain.
The corresponding letter was published by the research director of The Block on his Twitter.

“Please note that following recent industry events, we have suspended USDC and USDT deposits and withdrawals on the Solana blockchain on the Crypto.com app and exchange. The decision is effective immediately,” the company said in a letter.

At the same time, users can withdraw their funds in USDC and USDT using other supported networks, including Cronos and Ethereum. Crypto.com indicates that from November 9, 2022, there will be a two-week deposit fee waiver for deposits denominated in USDC and USDT on the Solana network in the application and on the cryptocurrency exchange.

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