TechFlow news — Binance announced it has initiated a burn-and-release process to facilitate withdrawals of Binance-pegged tokens from their original networks: first burning Binance-pegged USDC on BNB Chain, then releasing USDC on Ethereum to wallets for user withdrawal.
Recently, Binance carried out such an operation for USDC (ERC20) withdrawals on February 13.
Binance emphasized that Binance-pegged tokens are 100% collateralized and verifiable.Original link




