USDC Withdrawals: Binance Announces Crucial Temporary Suspension for Network Maintenance
Main Idea
Binance has announced a temporary suspension of USDC withdrawals on several blockchain networks due to scheduled wallet maintenance, affecting Ethereum, Polygon, Arbitrum, Base, and Optimism.
Key Points
1. Binance is temporarily suspending USDC withdrawals on Ethereum (ETH), Polygon (POL), Arbitrum (ARB), Base (BASE), and Optimism (OP) starting at 07:00 UTC on August 6.
2. The suspension is due to scheduled wallet maintenance aimed at improving system efficiency and reliability.
3. Users can still trade USDC on Binance’s spot market or use it within other unaffected services during the suspension.
4. For urgent withdrawals, Binance suggests checking if alternative networks are supported or converting USDC to another stablecoin.
5. The suspension is part of regular maintenance as blockchain technology evolves, ensuring long-term system reliability.
Description
BitcoinWorld USDC Withdrawals: Binance Announces Crucial Temporary Suspension for Network Maintenance Exciting news often dominates the crypto space, but sometimes, important operational updates take center stage. Crypto users are currently buzzing about a significant announcement from Binance regarding USDC withdrawals . The world’s largest crypto exchange, Binance, recently informed its users about a temporary suspension of USDC withdrawals on several popular blockchain networks. This move is ...
Latest News
- Kakao Stablecoin: South Korea’s Tech Giant Unveils Bold Blockchain Initiative2025-08-05 07:34:13
- Base Network Block Generation: Swift Recovery After Brief Halt2025-08-05 07:17:21
- Meet the leading voices of Gaming world at The Global Games Show 2025 hosted by VAP Group in association with Abu Dhabi Convention & Exhibition Bureau in Abu Dh...2025-08-05 07:04:21
- Stablecoin Supply Surge: USDe & USDS See Remarkable Growth Post-GENIUS Act2025-08-05 07:02:09
- Base Network Halt: Unpacking the Critical Layer-2 Outage2025-08-05 07:01:48