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TechFlow news — Binance tweeted that due to current market conditions, heavy inflows of USDC assets have increased the burden on automatic conversions. As a result, Binance has temporarily suspended the automatic conversion from USDC to BUSD. This is a standard risk management procedure while Binance monitors the situation.
According to Chainlink data, the current price of USDC is approximately $0.9921, showing a slight de-pegging.Source link
Binance tweeted that due to current market conditions, the heavy inflow of USDC assets has increased the burden on automatic conversion, so Binance has temporarily suspended the automatic conversion from USDC to BUSD. This is a routine risk management step taken while Binance monitors the situation. According to Chainlink data, the current price of USDC is approximately $0.9921, showing a slight de-peg.
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