WazirX in India will delist USDC and implement auto-conversion to Binance's stablecoin
WazirX, India's largest cryptocurrency exchange by transaction volume, said that it will no longer accept deposits of the stablecoins USDC, USDP, and TUSD and will convert users' existing balances to Binance's USD-backed stablecoin BUSD at a 1:1 ratio. WazirX will start auto-conversion on or before October 5 and may alter the list of stablecoins eligible
Timeline of Usd-coin, Wazirx
Binance-Backed WazirX Exchange to Delist USDC, USDP & TUSD - Blockchain News
Indian cryptocurrency trading platform WazirX has announced it will be delisting USD Coin (USDC), USDP, and TUSD in a move that is similar to its so-called parent company, Binance Exchange
WazirX exchange to delist stablecoins USDC, USDP, and TUSD - The Block
The decision to transition to greater BUSD support comes after WazirX and Binance last month got into a public spat over the Indian firm's ownership. The post WazirX exchange to delist stablecoins USDC, USDP, and TUSD appeared first on The Block.
Research: USDT, USDC exchange balance going in opposite directions - CryptoSlate
Often an overlooked part of the cryptocurrency market, stablecoins can be used to determine the current state of the market. The post Research: USDT, USDC exchange balance going in opposite directions appeared first on CryptoSlate.
This Indian Exchange Follows Binance In Stablecoin Priorities - Coingape
In yet another jolt to USDC, the second largest stablecoin, yet another crypto exchange is set to delist it. Earlier this month, top exchange Binance announced its plans to discontinue support for USDC transactions.
Stablecoin Economy Growth Stagnates for 73 Days, USDC Market Cap Slides 5% Lower - Bitcoin
Since the Terra stablecoin fiasco in May, the top stablecoins by market capitalization dropped 10.66% from $171.37 billion to today's $153.09 billion. During the last two months, the top stablecoins by market capitalization have seen little growth remaining at $153 billion since mid-July.
JPMorgan: Binance's USDC move could increase importance of Tether in crypto trading - The Block
JPMorgan says Binance's decision to stop supporting USDC could make Tether even more important when it comes to trading. The post JPMorgan: Binance's USDC move could increase importance of Tether in crypto trading appeared first on The Block.
Crypto Exchange WazirX Says ED Has Unfrozen Its Bank Account - Crypto Daily
Indian cryptocurrency exchange WazirX on Monday said that India's Enforcement Directorate (ED) has unfrozen its bank accounts after the exchange's “active cooperation” and “active anti-money laundering” checks led to blocking suspicious accounts. India's ED last month froze the accounts of the cryptocurrency exchange WazirX as part of a money laundering investigation.
WazirX restarts banking activities after lifting the account freeze - Bitcoinworld
WazirX's bank accounts were unfrozen by India's agency for combating financial crime, according to the cryptocurrency exchange. One of the biggest cryptocurrency exchanges in India by trading volume, WazirX, claimed in a statement that the Enforcement Directorate cleared its funds as a result of its active participation in the current money laundering probe.
Indian Authorities Unfreeze Wazirx's Bank Accounts, the Crypto Exchange Says - Bitcoin
India's Enforcement Directorate (ED) has unfrozen the bank accounts of cryptocurrency exchange Wazirx, the company said. The accounts were frozen as part of the federal agency's investigation into 16 fintech companies and instant loan apps.
India's Enforcement Directorate Unfreezes Crypto Platform WazirX's Assets - Bitcoinist
India's federal Enforcement Directorate (ED) has now unfrozen crypto exchange WazirX's assets. Last year, ED undertook an investigation into the crypto platform as it suspected violations of foreign exchange regulations.