On Nov. 17 Binance announced that they have suspended deposits of Solana-based USDT and USDC on their platform. It will continue until further notice. The stablecoins USDT and USDC will be available to deposit and withdraw through other blockchains.
Meanwhile, OKX and ByBit have also suspended Solana-based stablecoin deposits. OKX suspended their deposits at 3:00 am UTC on Nov. 17, As well as Bybit also disabled the deposits from Nov 17.
By today the total amount of Sol stable coins as follows,
USDC(SOL) = $5 bn – 11% From the total market cap
USDT(SOL) = $1.9 bn – 1.3% From the total market cap
During the past week, SOL is affected by the FTC bankruptcy. And the suspending of deposit sol-based stablecoin also will cause sol.
