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Effective immediately, Circle will no longer mint USDC on the Tron network and will gradually phase out support for the blockchain. However, the company assures continued support for its Circle Mint business customers' USDC transfers to other blockchains until February 2025.
Tron price is gaining pace above the $0.120 resistance against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.140.
On Tuesday, February 20, the second-largest stablecoin operator Circle announced that it is ending support for its USDC stablecoin on the Tron blockchain. However, this won't be an abrupt ending but rather a phased-out transition.
Circle, the issuer of the popular USD Coin (USDC) stablecoin, announced on February 20 that it will be discontinuing support for USDC on the Tron blockchain.
Circle, the company behind the USD Coin (USDC), a stablecoin pegged to the U.S. dollar, has decided to stop supporting USDC on the Tron blockchain. They made this choice to maintain the trustworthiness, transparency, and safety of USDC.
Circle ceases USDC support on the Tron blockchain—no more USDC minting on Tron from today. Retail investors can transfer Tron-based USDC to exchanges or other compatible blockchains. Here's why Circle is head-on heels with Tron.
Circle cited its “risk management” framework as part of the decision, among other factors.
Circle, a major stablecoin firm, has announced it will cease support for USDC (USD Coin) on the TRON blockchain. This move comes amid the firm's strategic push towards an Initial Public Offering (IPO) in the United States.
Circle discontinues the support of USDC on TRON blockchain, halting USDC minting immediately.
Circle announced that it will phase out support for USDC on TRON and has immediately ended USDC minting services on the blockchain.
The U.S.-based stablecoin issuer said it would discontinue minting USDC on the Tron network “to ensure that USDC remains trusted.”
Major U.S. crypto firm Circle will end support for its USDC token on the Tron blockchain network, a decision the company said on Wednesday "aligned with its efforts to ensure that USDC remained trusted, transparent and safe".
An address suspected to be associated with Justin Sun, the founder of TRON, has reportedly acquired $160.7 million in Ethereum (ETH). This move has sparked speculation and interest within the crypto community, potentially indicating a bullish outlook for Ethereum.
Tron Founder Justin Sun has made waves in the cryptocurrency market with a significant $500 million transfer. The transaction, originating from JustLend, a platform Sun supports, has raised questions as it swiftly moved to HTX, a platform where Sun holds a prominent advisory position.
In a strategic move that could reshape the landscape of cryptocurrency, Tron's visionary founder, Justin Sun, has unveiled an audacious plan to revolutionize the Bitcoin ecosystem. Through the integration of Bitcoin Layer two solutions, Tron aims to enhance interoperability, decentralization, and utility across both networks, marking a pivotal moment in the evolution of blockchain technology.
Tron has set a new TVL record as it also saw the highest number of daily users, while BNB Chain maintained the status quo.
Justin Sun, the creator of Tron, has unveiled his plans for a novel layer 2 solution based on Bitcoin, adding another fascinating layer to the cryptocurrency narrative.
Tron is embarking on an ambitious journey to transform the Bitcoin ecosystem, as announced by its founder, Justin Sun. Through the integration of Bitcoin Layer two solutions, Tron seeks to decentralize and interconnect a variety of token types, including major stablecoins, with the Bitcoin network.
Tron Price Prediction: TRX, the native asset of the TRON network, has witnessed consistent gain in February so far. From the monthly low of $0.111, the coin value surged 18% to reach the $0.13 mark.
Among Tron TRX addresses, a 99% profitability rate was achieved, which makes it an outstanding achievement in the ongoing cryptocurrency market rally. This accomplishment makes Tron a top beneficiary of the broader market's rise, with its price significantly increasing.
In an innovative leap towards enhancing the Bitcoin ecosystem's scalability, speed, and security, Justin Sun, the pioneering founder of TRON, has introduced an ambitious Bitcoin Layer 2 roadmap.
Bitcoin Dogs (0DOG) is taking over the presale market two days into its historic ICO launch on Bitcoin. Elsewhere, TRON (TRX) is trading at a two-year high as bulls ponder the next move amid Bitcoin's explosive surge to $52k.
Blockchain luminary Justin Sun has unveiled a game-changing solution aimed at enhancing cross-chain interoperability within the cryptocurrency sphere.
TRON's Bitcoin Layer 2 solution ultimately seeks to ensure interoperability across blockchains, while increasing speed and boosting security.
