Circle, the operator of the $28 billion USDC stablecoin, has decided to cease support for the Tron blockchain created by Justin Sun. This decision is part of a risk management strategy to ensure the transparency and safety of USDC. Customers can transfer USDC to other blockchains until February, and retail users can use exchanges to move their USDC on TRON. The move is seen as an effort to distance from Justin Sun and reduce associated risks.
USD Coin will no longer be supported on the Tron blockchain. Customers’ transfers of USDC to other blockchains will be supported through Feb., while retail users and other non-Circle customers can move their USDC on TRON using exchanges. https://t.co/xGRk62gZ64
#Stablecoin Issuer Circle Says it Has Discontinued Support for $USDC on #Tron Blockchain https://t.co/hJgTf1yGxi
#Stablecoin Issuer #Circle Announces Discontinuation of $USDC Support on #Tron Blockchain https://t.co/hJgTf1yGxi
Circle leaving the Tron network is the latest sign of the ever-growing divide between compliant and gray-market crypto, @danielgkuhn writes. Opinion for The Node newsletter. https://t.co/DBkaSdhD8X
Circle ditches TRON network, no longer supporting USDC on Tron https://t.co/sZthYwWrWq
Circle has ended support for its USDC stablecoin on the Tron network "effective immediately." The stablecoin issuer said that its decision, "aligns with our efforts to ensure that USDC remains trusted, transparent and safe." Read more: https://t.co/nRq86sKki3
Circle Axes Support for USDC on Tron, Citing 'Risk Management' ► https://t.co/sI8bEPdtjS https://t.co/sI8bEPdtjS
ICYMI: Circle ceases USDC support on TRON blockchain as part of risk management strategy https://t.co/w0Z9lRT1ff
Circle has announced its decision to halt support for the USD Coin (USDC) on the Tron blockchain https://t.co/gYR0CsjxIT
I suspect this is linked to Justin Sun & is a conscious decision from Circle to break any ties with him / reduce risk by association. That being said, crypto's only use case, beyond gambling, are stables in emerging markets. And I have only seen them using Tron. Nothing else. https://t.co/usGrhbIKKl
USD Coin will no longer be supported on the Tron blockchain. Customers’ transfers of USDC to other blockchains will be supported through Feb., while retail users and other non-Circle customers can move their USDC on TRON using exchanges. By @shauryamalwa https://t.co/ck6DpjDI6M
Circle will cease minting USDC on TRON effective immediately, and will discontinue support in a phased manner, as part of an effort to ensure USDC “remains trusted, transparent, and safe.” @tikta_ reports https://t.co/dudypLtLPW
The operator of the $28 billion USDC stablecoin axed support for the Tron blockchain created by crypto entrepreneur Justin Sun https://t.co/n90gs198u0