Why can’t USDC be withdrawn (Why can’t USDT be traded)?

08/12/2023 16:09 • AI Insights • 72 views

Why can’t USDC be withdrawn? Why can’t USDC be withdrawn?

1. It was forced to stop its service due to the inability to use credit card payments; 2. To improve transparency and efficiency, USDC cannot guarantee the security of user assets.

3. Due to the problem of high Bitcoin trading prices, USDC is often rejected; 4. Many exchanges have not followed the footsteps of their customers for trading; 5. Some people believe it is a problem with USDC; 6. USDCoin’s platform currency has experienced serious anchor detachment; 7. “Arbitrage” has led to capital outflow; 8. It has caused controversy within the crypto community. (BlockBeats)

Why can’t USDT be traded?

Editor’s note: This article is from Odaily Planet Daily, authorized for reprint.

Why can’t USDT be traded? According to Cointelegraph’s news on July 10th, Bitcoin (BTC) exchanges recently announced that they will no longer support USD payment. This means that users must use this currency for fiat transfers to complete the conversion between fiat and USDT, without the need for any other digital assets to facilitate fund transfer. As USDT and the euro are still among the largest stable tokens in global circulation, it is now considered inappropriate for daily settlement or trading as legal tender. But the question is, should we do it this way?” Can USDT be traded without approval from U.S. financial regulators? (Image source: coindesk)

So why can’t USDT be traded? This is because they are not sent directly to international remittance service providers through bank accounts. In order to avoid such situations, the company has decided to limit its domestic clients in order to purchase their USDT abroad. However, these merchants are not actually intending to deal with cash transactions, and they typically do not create custodians for crypto assets. If they need it, they can only store it in one place and wait for about a week. In addition, the company stated, “We want to ensure that they can continue to utilize our system. We will maintain a good operating state.” USDT tokens are unable to be converted into USD. According to the report by Cointelegraph, in March, the New York Attorney General’s Office issued a statement stating that after trading commodities worth over $4 billion during the peak of the bull market from 2017 to 2018, the country’s national debt plummeted by nearly 70%. Despite some concerns and controversies, people are cautious about this price trend.

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Why can’t USDC be withdrawn (Why can’t USDT be traded)?

Why can’t USDT be traded?

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