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Binance temporarily halts withdrawals of stablecoin USDCwww.cnbc.com/2022/12/13/crypto-exchange-binance-temporarily-halts-usdc-stablecoin-withdrawals.html
75 sats \ 4 comments \ @siggy47 13 Dec 2022 bitcoin
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0 sats \ 0 replies \ @lunanto 13 Dec 2022
CZ response to Fudders pushing this narrative can be found in this tweet https://twitter.com/cz_binance/status/1602579499903852544?s=20&t=ON0ZfjmTg5Xy5gsJelzuig
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0 sats \ 0 replies \ @random_ 13 Dec 2022
Is there an exchange that has halted withdrawals and not collapsed?
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0 sats \ 1 reply \ @Wumbo 13 Dec 2022
"Oh! you wanted to withdraw your coins, don't you understand you have to leave them on the exchange for the system to keep working"
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10 sats \ 0 replies \ @siggy47 OP 13 Dec 2022
I don't like the whole idea of stablecoins backed and controlled by government entities and their minions. See : https://decrypt.co/97795/blackrock-handle-circle-usdc-cash-reserves-400m-funding-round This is why including USDC and other stablecoins on lightning through Taro scares me.
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