Binance announced the launch of the token burn and release process, and has processed USDC withdrawals on February 13
ChainCatcher message, Binance announced that to facilitate the withdrawal of Binance-pegged tokens on their original network, Binance will initiate a process of burning and releasing. Binance stated that on February 13, it processed USDC (ERC20) withdrawals: first, it will burn the USDC pegged to Binance, and then the USDC will be released to wallets for users to withdraw. Binance reiterated that the tokens pegged to it are 100% collateralized and verifiable. (source link)
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