USDC:USD conversions

Incident Report for Coinbase Exchange

Resolved

This incident has been resolved.

Posted Mar 13, 2023 - 07:03 PDT

Update

USDC:USD conversions have been reinstated and are now operating as normal via API and UI. USDC will not be auto-converted to USD on Coinbase Exchange.

Posted Mar 13, 2023 - 06:47 PDT

Monitoring

A fix has been implemented and we are monitoring the results.

Posted Mar 10, 2023 - 19:53 PST

Update

We are continuing to investigate this issue.

Posted Mar 10, 2023 - 19:49 PST

Investigating

We are temporarily pausing USDC:USD conversions over the weekend while banks are closed. These conversions rely on USD transfers from the banks that clear during normal banking hours. We plan to re-open conversions on Monday. Your assets remain safe & available for on-chain sends.

Posted Mar 10, 2023 - 19:46 PST