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Understanding transaction status

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Understanding transaction status

Hi, below is screenshot from etherscan.

Local exchange support said that I'm not receiving anything on my wallet because the transfer was using USDC. Is that reasonable explanation?

https://preview.redd.it/vkfwg6rv7f5d1.jpg?1299&format=pjpg&auto=webp&s=387c4ec1159e2fcbac227233680830101e3c2e99

submitted by /u/om_devan
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