Upbit, one of the leading cryptocurrency exchanges in South Korea, has announced a temporary suspension of Tether (USDT) withdrawals through the Tron network. The exchange cited a surge in withdrawal volume as the reason behind the delay. Upbit did not specify a timeframe for the suspension, but assured users that withdrawals would resume as soon as possible. The exchange also advised users to use alternative withdrawal methods, such as Ethereum (ERC-20) or Bitcoin (BTC). USDT is a stablecoin that is pegged to the US dollar. It is one of the most popular cryptocurrencies for trading and is widely used for cross-border payments. The suspension of USDT withdrawals on Upbit is likely to have a significant impact on the cryptocurrency market in South Korea. USDT is one of the most heavily traded cryptocurrencies on Upbit, and the suspension is likely to lead to increased volatility in the market.

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