4 months ago 1 min read

Poloniex Ceased Supporting Stablecoins on BEP20 Network


According to a recent press release, Poloniex has stopped supporting BEP20 network deposits for USDT, USDC, TUSD, and Binance's own BUSD. The deposit and withdrawal features of other BSC-based coins, on the other hand, will remain operational.

The exchange reserves the right, as stated in its terms of service, to amend, change, or cancel this announcement at any time and for any reason without prior notice; it made no further comment on the action taken.

The announcement also advises users to deposit and withdraw stablecoins via the ERC20 and TRC20 networks, and the team promises to provide equivalent multichain solutions for each stablecoin.

Some users, however, are currently complaining about previous stablecoin deposits on the BSC network.

Great! You’ve successfully signed up.
Welcome back! You've successfully signed in.
You've successfully subscribed to Coin Aquarium.
Your link has expired.
Success! Check your email for magic link to sign-in.
Success! Your billing info has been updated.
Your billing was not updated.