UN to Send USDC to Displaced Ukrainians via Stellar ($XLM) Network

The United Nations refugee agency, the Office of the U.N. High Commissioner for Refugees (UNHCR), is set to start aiding displaced Ukrainians through the USDC stablecoin via digital wallets running on the Stellar ($XLM) network.

Timeline of Usd-coin, Stellar

On 15 December, the Stellar Development Foundation announced its partnership with the United Nations High Commissioner for Refugees (UNHCR) to provide Ukrainian refugees with cash assistance in the form of USD Coin (USDC) on the Stellar network.

Bitso partners with WhatsAp-based remittance provider Felix Pagos to allow cross-border remittance between Mexico and the U.S.  Stellar-based USDC supported by Bitso makes the remittance solution possible and easy to use.  Cryptocurrency exchange Bitso continues to expand its reach and ease of use in the Latin American market.

The leading cryptocurrency exchange Binance was caught up with speculations recently following the abrupt suspension of USDC withdrawals from the platform. After about nine hours, however, the exchange also managed to weather the storm after it announced again the resumption of USDC withdrawals.

Cryptocurrency exchange Binance has announced that it is resuming USDC stablecoins after temporarily pausing requests for several hours.  The halt in withdrawals was announced as the world's largest cryptocurrency exchange faces record stablecoin outflows.

Binance has resumed processing withdrawals requests of the USD Coin (USDC) stablecoin after pausing them for several hours. The post Binance resumes USDC stablecoin withdrawals after temporary pause appeared first on The Block.

Cryptocurrency exchange Binance announced on Tuesday that it is temporarily halting withdrawals of the stablecoin USDC (CRYPTO: USDC) while it conducts a "token swap." The decision was made as investors worry about Binance's stability in the wake of the collapse of competitor exchange FTX (CRYPTO: FTT) and charges being filed against its former CEO Sam Bankman-Fried  by the U.S. authorities.

In an unexpected move, the world's largest cryptocurrency exchange, Binance, has temporarily halted USDC (USD Coin) withdrawals. This news sent a few tremors through the crypto community but doesn't seem to be very serious according to the exchange.

Binance CEO Changpeng ‘CZ' Zhao blamed banks for the exchange delay in processing USD Coin (USDC) withdrawals in a December 13 tweet. The post Binance clarifies USDC withdrawals were due to token swap, replenishing hot wallet appeared first on CryptoSlate.

Binance CEO Changpeng ‘CZ' Zhao blamed banks for the exchange delay in processing USD Coin (USDC) withdrawals in a December 13 tweet. The post Binance clarifies USDC withdrawals were down due to token swap, replenishing hot wallet appeared first on CryptoSlate.

Some $1.6 billion on Ethereum has been withdrawn from the world's biggest crypto exchange over the past 24 hours. The post Binance CEO addresses USDC outflows: ‘feel free to withdraw any other stablecoin' appeared first on The Block.