Leading cryptocurrency exchange Binance has announced it will start converting existing user balances and new deposits of USD Coin (USDC), Pax Dollar (USDP), and True USD (TUSD) into its own stablecoin Binance USD (BUSD).
Ethereum Classic (ETC) has seen its hashrate hit a new all-time high of 45 terahashes per second (TH/s) after growing more than 480% year-to-date ahead of Ethereum’s upcoming Merge upgrade.
One of the largest Bitcoin mining pools by hashrate, Poolin, has announced it’s temporarily halting Bitcoin and Ether withdrawals from its wallet service due to “liquidity problems.”
Top stories in the Crypto Roundup today:
- Binance to Convert Users’ USDC Into Own Stablecoin
- Ethereum Classic (ETC) Hashrate Hits New High Ahead of The Merge
- Crypto Miner Poolin Halts BTC and ETH Withdrawals
- Chart of the Week: GBTC Discount