Summary
- Upbit announced the termination of support for the Tether (USDT) Coin Borrowing Service.
- The service will stop accepting new and additional applications from July 28, and support for the service will be fully discontinued by August 27.
- Upbit stated that until support ends, redemptions at maturity for existing applications will proceed sequentially.
The domestic virtual asset (cryptocurrency) exchange Upbit has announced that it will end support for the Tether (USDT) Coin Borrowing service.
On the 28th, Upbit stated through its official channel, "Support for the Tether Coin Borrowing service will soon be terminated. Until the end date, redemptions for existing applications will proceed sequentially according to their respective maturity dates."
The Coin Borrowing Tether (USDT) service will stop accepting new and additional applications starting July 28, and the service will be completely discontinued by August 27.
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