Partager cet article
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars
Ad
Crypto.com Halts Solana USDC and USDT Deposits, Withdrawals
The crypto trading platform cited “recent industry events” in an email to users announcing the suspension.
Par Sam Kessler
Cryptocurrency exchange platform Crypto.com has halted the flow of two top Solana ecosystem stablecoins, as the implosion of Sam Bankman-Fried’s FTX empire continues to wreak havoc across the wider crypto ecosystem.
Citing “recent industry events” in an email to users Wednesday, Crypto.com said “effective immediately” the platform would be “suspending deposits and withdrawals of USDC and USDT on the Solana Blockchain in the Crypto.com App and Exchange.”
STORY CONTINUES BELOW
Ne manquez pas une autre histoire.Abonnez vous à la newsletter Crypto Daybook Americas aujourd. Voir Toutes les Newsletters
Read More: Solana Blockchain Hit by FTX Tremors as Nearly $800M SOL Tokens Set to Be Unstaked
The email continued to say that stablecoin deposits in other ecosystems, including Ethereum and Cronos, would not be impacted.
Crypto.com CEO Kris Marszalek, in a tweet responding to this article, explained that "FTX was an important bridge/venue for SOL-based stablecoins, we do not want any additional risk to our users coming from this area, hence disabling it."
Solana is a smart contract platform that is positioned as a competitor to Ethereum offering high speeds and low fees. It hosts a range of decentralized finance apps, but a large portion of its total supply is controlled by SBF’s Alameda Research trading firm, and FTX – the exchange firm that imploded this week.
Read More: Staked SOL Tokens Falter as Solana Traders, Stakers Rush for Exits
Solana’s native SOL token suffered as a result of FTX’s collapse, dropping over 40% on Wednesday at a price of $14.37. This is 92% below its price from a year ago.
Stablecoins like USDC and USDT, which stay “pegged” to the price of $1, are vital instruments in the volatile world of decentralized finance. It’s unclear why, exactly, Crypto.com was forced to suspend activity.
UPDATE (Nov. 9, 21:37 UTC): Adds a statement from Crypto.com CEO Kris Marszalek.
Plus pour vous
Etherealize Raises $40M to Bring Ethereum to Wall Street
The new capital builds on an earlier grant from Vitalik Buterin and the Ethereum Foundation.
Ce qu'il:
- Etherealize raised $40 million in a round led by Electric Capital and Paradigm to build private, settlement, and tokenization tools for institutions.
- The firm is co-founded by Ethereum veteran Danny Ryan and Wall Street trader Vivek Raman, leveraging deep expertise to onboard institutions to Ethereum.
- This comes amid growing institutional moves into Ethereum, including BlackRock’s tokenized fund and JPMorgan’s Kinexys tokenization platform.
Top Stories
