Not Clear Why Exchanges Suspends Deposits of $USDC (SOL), Says Circle Co-Founder

Jeremy Allaire, the co-founder of $USDC issuer Circle, tweeted that $USDC on Solana is natively issued by Circle and is functioning fine. Not clear what the motivations are for exchange actions, which are disappointing.

Previously, exchanges such as Binance, OKX, Bybit, BitMEX, KuCoin, and MEXC announced that they suspended deposits of $USDC (SOL).