As a major development, the Poloniex crypto exchange has announced that from November 24, it will suspend deposits and withdrawals functions for stablecoins on the BEP20 (BSC) network. These include USDT, USDC, TUSD and Binance’s own BUSD.
Poloniex’s Abrupt BSC Halt
According to the recent announcement, Poloniex has stopped the BEP20(BSC) network deposit function for the above-mentioned stablecoin. However, the deposit and withdrawal functions for other BSC-based tokens will remain operational.
Poloniex will no longer support the deposit or withdrawal of any stablecoins on the BEP20(BSC) network from November 24 onwards, until further notice. However, we will continue to offer equivalent multichain solutions for stablecoins across the ERC20 and TRC20 networks.
- Поддршка за корисници на Poloniex (@PoloSupport) Ноември 23, 2022
Покрај тоа, на најава urges users to use the ERC20 and TRC20 networks for stablecoin deposits and withdrawals, and that the team would be offering equivalent multichain solutions for the different stablecoins.
No Reason Given For Suspension
The crypto exchange Poloniex did not provide any further information on why it abruptly suspended services for BSC stablecoins.
Moreover, its terms of use specifically state that the exchange “reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.”
Poloniex’s Reserves & Fifa Plans
In other news related to Poloniex, the exchange has shared plans to undergo a full audit in order to share their доказ за резерви with the community. This will further push transparency in the industry as pioneered by Binance.
Recently, the “Poloniex World Cup Carnival” marketing initiatives were also introduced by Poloniex to commemorate the ФИФА Светско Првенство 2022 and to encourage football fans all around the world to participate in the international sporting event.
Through contests and games, the virtual carnival enables football enthusiasts & token owners to divide a prize pool of up to $100,000. With the recently released fan tokens, Poloniex aims to further incorporate Web3 initiatives in the crypto community and beyond.
За Poloniex
Основана во јануари 2014 година, Poloniex е глобална берза за криптовалути за поддршка на spot и фјучерси тргување, како и токени со потпора. Со платформа за тргување од светска класа, Poloniex доби средства од HE Justin Sun, основач на TRON, во 2019 година за да ја прошири својата меѓународна база на клиенти.
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Source: https://coingape.com/breaking-poloniex-suspends-support-for-stablecoins-on-bsc-network/