TechFlow news: Binance founder Changpeng Zhao tweeted, "Regarding USDC, we have seen an increase in withdrawal volumes. However, the channel to convert from PAX/BUSD to USDC requires processing through a New York-based bank using USD. The bank will open again in a few hours. We expect normal operations to resume once the bank opens. Additionally, these stablecoins are converted at a 1:1 ratio with no margin or leverage involved. In the future, we will also explore establishing smoother conversion channels. Meanwhile, users can withdraw any other stablecoin such as BUSD, USDT, etc., at any time." Source link
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