"During periods of heightened activity, conversions rely on USD transfers from the banks that clear during normal banking hours," Coinbase said in its tweet announcing the conversion pause. "When banks open on Monday, we plan to re-commence conversions."
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Circle, the company behind the issuance of USDC Coin (USDC) said recent events have caused it to miscalculate its financial projections — referring to the collapse of FTX and a decision by rival exchange Binance.In September, crypto exchange Binance announced it will auto-convert USDC to its own stablecoin Binance USD (BUSD), last BinanceBitcoinCircleConversionscryptoexchangeExchangesLossMarksStablecoin Read More
The new OpenNode app will launch on the Stripe App Marketplace in coming weeks.
Original Source BusinessesConversionsFiattoBitcoinInstantOpenNodePartnersStripe Read More