Breaking: Circle Ends Support for USDC Stablecoin on Tron

• Circle has reportedly ended support for its USDC stablecoin on the Tron blockchain as part of a risk management program.
• According to a blog post, Circle will no longer support minting USDC on Tron.
• The Circle Mint customers will be permitted to transfer USDC to other blockchains until February 2025.

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 announcement, the platform will no longer mint USDC on Tron.

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.”

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: https://t.co/kw9A3ZUpWH

— Circle (@circle) February 21, 2024

Reportedly, Circle’s decision stems from its dedication to keeping USDC safe and transparent. Today’s blog pos…

The post Breaking: Circle Ends Support for USDC Stablecoin on Tron appeared first on Coin Edition.