Stablecoin

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<ul class="news-points"> 
 <li><strong>Circle has reportedly ended support for its USDC stablecoin on the Tron blockchain as part of a risk management program.</strong></li> 
 <li><strong>According to a blog post, Circle will no longer support minting USDC on Tron.</strong></li> 
 <li><strong>The Circle Mint customers will be permitted to transfer USDC to other blockchains until February 2025.</strong></li> 
</ul> 
<p>The USD-pegged stablecoin issuer Circle has recently announced the discontinuation of support for its USDC token on the Tron blockchain as part of a risk management program. According to Circle’s official <a href="https://www.circle.com/blog/circle-is-discontinuing-support-for-usdc-on-the-tron-blockchain" target="_blank" rel="nofollow">announcement</a>, the platform will no longer mint USDC on Tron.</p> 
<p>On February 21, Circle took to X to declare the platform’s latest move. Circle wrote on X, “We are discontinuing USDC on the TRON blockchain in a phased transition.”</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">1/ We are discontinuing USDC on the TRON blockchain in a phased transition. Effective immediately, we will no longer mint USDC on TRON. Transfers and redemptions of USDC on TRON will continue to operate normally through February 2025. Read the details: <a href="https://t.co/kw9A3ZUpWH" target="_blank" rel="nofollow">https://t.co/kw9A3ZUpWH</a></p>— Circle (@circle) <a href="https://twitter.com/circle/status/1760108597218889998?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 21, 2024</a>
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<p>Reportedly, Circle’s decision stems from its dedication to keeping USDC safe and transparent. Today’s blog pos…</p>
<p>The post <a href="https://coinedition.com/circle-ends-support-for-usdc-stablecoin-on-tron/">Breaking: Circle Ends Support for USDC Stablecoin on Tron</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Breaking: Circle Ends Support for USDC Stablecoin on Tron

Coin Edition

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