News

Poloniex Suspends Supporting Stablecoins On BEP20 Network

The BEP20 (BSC) network’s stablecoin deposits and withdrawals will no longer be supported starting on November 24, according to crypto exchange Poloniex.

Poloniex has reportedly halted supporting BEP20 network deposits for USDT, USDC, TUSD, and Binance’s own BUSD, according to a recent release. Other BSC-based coins’ deposit and withdrawal features, however, will continue to work.

As stated in its terms of use, the exchange reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reason without prior notice; it made no further comment on the action taken.

The announcement also advises users to deposit and withdraw stablecoins using the ERC20 and TRC20 networks, and it states that the team will provide equivalent multichain solutions for each stablecoin.

However, some users are currently complaining about stablecoin deposits on the BSC network in the past.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

DOJ Investigates Polymarket for Alleged Illegal US User Bets

The US DOJ investigates Polymarket for Alleged Illegal US User Bets Polymarket, for allegedly permitting…

58 minutes ago

Get Ready for a New Level of Excitement If You Missed Ethereum ICO: Qubetics Could Redefine Success

Ethereum’s ICO was priced at around $0.30 per token, and today, it’s valued in the…

1 hour ago

A Missed Moment with Cardano? Here’s Why Qubetics at $0.0212 Could Be Your Perfect Timing – Explore the Best Crypto to Join Now

If you’ve been regretting missing out on Cardano, Qubetics ($TICS) might just be the ticket…

2 hours ago

Shiba Inu Price Clears Path To New ATH Of $2 As WallitIQ (WLTQ) Takes The Lead With A 23,000% Surge

The Shiba Inu price is on track to reach a new ATH of $2, while…

2 hours ago

Best Crypto Presales to Watch This November: Get in Early on These Potential Breakout Coins

So, you’re on the lookout for the next big thing in crypto? Aren’t we all?…

6 hours ago

This website uses cookies.