USDC slightly depegged, Binance has suspended automatic conversion of USDC to BUSD
ChainCatcher news, Binance tweeted that due to the current market conditions, the large inflow of USDC assets has increased the burden of automatic conversion, so Binance has suspended the automatic conversion of USDC to BUSD. This is a routine risk management procedure taken by Binance while monitoring the situation.
According to Chainlink data, the current price of USDC is approximately $0.9921, showing a slight de-pegging. (source link)
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