The cryptocurrency firm – Juno – advised its users to withdraw their assets and store them in self-custody wallets or sell their holdings for cash because of “uncertainty” with its partner.
Juno revealed that its custody partner has been experiencing certain problems. As such, the entity temporarily halted cryptocurrency purchases on its platform and auto-converted the stablecoins – USDC, USDT, mUSDC – to USD.
It also encouraged customers to withdraw their ownings and transfer them into self-custody wallets as a protection measure. The firm added that clients could sell their stash for fiat in case they don’t want to rely on non-custodial wallets.
The company plans to solve the issues by finding a new associate.
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