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CryptoIntelligence
2024-03-27 21:07:00

Binance to End Support for TRC-20 USDC Tokens Following Circle’s Withdrawal from Tron Network

Binance to End Support for TRC-20 USDC Tokens Following Circle’s Withdrawal from Tron Network

Binance, the leading cryptocurrency exchange, is set to discontinue the support for deposits and withdrawals of USD Coin (USDC) tokens based on the TRC-20 protocol from the Tron blockchain, effective April 5. This decision follows an announcement on February 20 by Circle, the issuer of USDC, regarding its move to halt the support for the stablecoin on the Tron network. Circle’s choice is part of a broader strategy to maintain USDC’s reliability, transparency, and security. Alongside ceasing its support, Circle also ceased the minting of USDC on Tron’s blockchain on the same date, with a plan to fully phase out

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