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Major crypto exchange OKX has sent out a notice to users of USDC on the Solana blockchain, announcing a temporary suspension of deposit and withdrawal services due to scheduled wallet maintenance.
OKX said the temporary pause is due to wallet maintenance and will take place in the next 24 hours, on July 14.
Due to wallet maintenance, OKX said it will suspend USDC deposit and withdrawal services on the Solana network on July 14 at 14:30 (UTC+8), and resume them after the maintenance is completed.
The exchange added that trading services will continue to operate normally as trading of related tokens will not be affected. Users are, however, urged to refrain from performing USDC deposits or withdrawals during the wallet maintenance period to avoid potential fund losses.
USDC on Solana is native to the Solana blockchain and can be swapped across chains. Circle has just issued an additional 250 million USDC on the Solana network.
Solana news
In a recent milestone, Solana has crossed epoch 1,000, marking the finalization of 432,000 slots on Solana and highlighting over 5.5 years of Solana.
1,000 epochs also marked 120.5 billion total non-vote transactions, $4.3 trillion traded on Solana DEXes, $193.5 trillion in stablecoins transferred on Solana rails, 2 years and 154 days of 100% availability, multiple unicorns building on Solana, 78,000 unique developers, and over 7.4 million commits on Git repos.
As reported by Wu Blockchain, Japanese financial giant SBI Holdings and the Solana Foundation have announced a strategic partnership to develop Japan-originated onchain financial markets.
As part of the initiative, the Solana Foundation will join SBI R3 Japan, which is set to be renamed SBI Solana Global, alongside SBI and Sumitomo Mitsui Financial Group (SMFG), one of Japan's three megabanks.
The partnership will focus on JPY stablecoins, tokenized real-world assets (RWAs) including bonds, funds, and real estate, cross-border payment infrastructure, and institutional onchain financial services. SBI said the initiative aims to connect Japan's regulated financial markets with global blockchain liquidity and position Japan as a hub for onchain finance in Asia.
Dan Burgin
U.Today Editorial Team
