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Solana-based DeFi lending platform Jupiter Lend has resumed USDC withdrawals after its liquidity shortage eased, according to an official X post. Jupiter Lend said “USDC liquidity” had been restored, bringing down a funding utilization rate that had previously surged, and normal USDC withdrawals are now available.
Jupiter Lend had earlier faced delayed USDC withdrawals amid a sharp liquidity crunch as market jitters spread in the wake of Binance’s $6.3 billion hack.