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Justin Sun attracted attention with his comments on Tron's (TRX) steps toward enhancing Bitcoin (BTC) interoperability following the recent partnership with an Ethereum Virtual Machine-compatible Merlin Chain. Meanwhile, the partnership with Merlin Chain comes after TRON unveiled plans to integrate with the BTC network.
Merlin Chain has recently forged a strategic partnership with Tron Network, aiming to bolster Bitcoin's integration and functionality within the blockchain ecosystem. This collaboration marks a significant milestone in the pursuit of expanding Bitcoin interoperability and utilities.
Users of the TRON blockchain network will no longer be able to use USDC natively. The announcement was made by Circle in a blog post.
In a move set to redefine the crypto sphere, Tron, the leading blockchain platform, has unveiled its ambitious Bitcoin Layer 2 (L2) roadmap, signaling a paradigm shift in the landscape of decentralized finance. This strategic initiative holds the potential to revolutionize not only the TRX ecosystem but also the broader cryptocurrency market, ushering in a new era of interoperability, scalability, and financial accessibility.
The Tron network burned more than 12.62 million tokens this week, potentially fueling the altcoin's rise.
In the ever-evolving world of cryptocurrency, shifts in market dynamics can occur rapidly, reshaping the landscape for investors and enthusiasts alike. Over the past year, while Bitcoin and Ethereum have soared to new heights, Dogecoin, once a darling of the crypto community, has found itself grappling with stagnation.
Tron plans to launch its Bitcoin L2 solution over the coming months which can have a positive impact on the blockchain.
Tron's daily network revenue rallied to an all-time high on the day Circle decided to stop minting USDC on the chain.
Tether, the world's largest stablecoin, faces uncertainty as its key partnership on Tron raises safety and regulatory concerns.
Stablecoin issuer Circle is ending support for its US dollar-pegged digital coin on the Tron (TRX) blockchain. Circle says it will stop minting USDC on the Justin Sun-founded network effective immediately, though it will continue to support transfers and redemptions until February 2025.
Justin Sun's altcoin maintained uptrends this week, with prices hitting a 2024 peak of $0.14048 on Feb 21. Meanwhile, two catalysts triggered the impressive price jump for TRON (TRX). The 12.62 million tokens burnet and the blockchain's plans to integrate ecosystem tokens with the Bitcoin (BTC) network contributed to the upside stance.
Circle, the entity behind the widely-used crypto stablecoin USDC, has announced the termination of its association with the TRON blockchain, sparking intense speculation within the crypto community. The decision, effective immediately, halts the minting of new USDC tokens on TRON, although existing transfers and redemptions will continue until February 2025.
Blockchain sleuth @lookonchain has reported that a wallet that may belong to the founder of the Tron blockchain Justin Sun conducted another massive purchase of Ethereum within merely 30 minutes on Feb. 21.
Circle, the creator of the USD Coin (USDC), a stablecoin pegged to the United States dollar, has announced its decision to discontinue its support for the token on the Tron blockchain.
Tether, the largest stablecoin issuer, has responded ambiguously to queries regarding its support for the Tron blockchain following Circle's recent decision to discontinue USDC minting on the network. Tether's stance remains uncertain amid safety concerns and regulatory scrutiny, leaving investors and stakeholders in suspense.
Circle, the entity behind the prominent crypto stablecoin USDC, announced its decision to discontinue its association with the TRON blockchain yesterday. This cessation of USDC operations on TRON, effective immediately, will stop the minting of new USDC tokens on TRON, though transfers and redemptions will be facilitated until February 2025.
Circle, a major stablecoin issuer, has announced its decision to halt minting on the Tron layer-1 blockchain, marking the initiation of a phased withdrawal from the network. This move comes amidst concerns regarding Trons compatibility with Circles risk management framework and ongoing legal challenges faced by Trons founder, Justin Sun, in the United States.
The price of TRON (TRX) is rising, reaching a high of $0.14. Price analysis by Coinidol.com.
The U.S. financial technology firm Circle said on Feb. 21 that it will discontinue support for USDC on Tron blockchain. The move comes just a few months after Circle refuted allegations that it was Tron blockchain founder Justin Sun's bank.
Circle, the issuer of the USD Coin (USDC) stablecoin, has announced the cessation of its support for USDC on the Tron blockchain. “Circle is discontinuing support for USDC on the TRON blockchain in a phased transition. Effective immediately we will no longer mint USDC on TRON,” it said.
In a move that reverberates across the cryptocurrency landscape, Circle, the mastermind behind the world's second-largest stablecoin, has dropped a bombshell announcement: the cessation of USDC minting on the TRON network. While existing support for the stablecoin will endure until February 2025, this decision marks a significant shift in Circle's risk management strategy, leaving TRON users with a year to migrate their assets to alternative networks or fiat currencies.
Understanding the ripple effect of Circle's 335 million USDC exit from one of the largest stablecoin hubs, Tron.
In a move sending shockwaves through the crypto world, Circle, the issuer of the world's second-largest stablecoin, USDC, announced today it will no longer support the Tron blockchain. This decision, effective immediately for new mints and phased out entirely by February 2025, has ignited speculation about the motivations behind this significant shift.
Amidst the recent surge in cryptocurrency markets, exemplified by the resurgent performance of Bitcoin and Ethereum, TRON (TRX) has emerged as a notable contender, showcasing a robust uptrend and trading above the $0.14 mark against the US dollar. This article delves into TRX's impressive momentum, its key resistance levels, and the prospects for further gains as the crypto market continues its bullish trajectory.
