Deep Chao TechFlow learned that 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 regular risk taken by Binance when monitoring the situation. Management program steps.

According to Chainlink data, the current price of USDC is approximately $0.9921, showing a slight de-anchoring. Source link