Binance US: The issue of delayed USD withdrawals has been largely resolved, and users are advised to convert their USD balance into stablecoins

ChainCatcher news, Binance US stated in an email sent to customers on June 22 that it has resolved nearly all delayed USD withdrawal issues. Binance US indicated that it is working with banking partners to re-enable USD withdrawals, but also mentioned that this option will soon be canceled again. The company stated, "While USD withdrawal operations on the platform are currently fully operational, we expect our banking partners to discontinue this service in the near future."

Binance US expects that most USD withdrawal requests will be completed within 5 business days or less. It instructed users who previously submitted failed withdrawal requests to resubmit those requests. Although it is seeking new banking partners, Binance US advised users to convert USD into stablecoins. It also warned users that their USD balances may be automatically converted to USDT stablecoins later. (source link)