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Binance is also facing some global challenges as the Philippines blocks access to the exchange over license issues and CommEx, its Russian successor, shuts down.
Binance, a leading cryptocurrency exchange, announced its decision to discontinue support for Tron network-based USD Coin (USDC) stablecoins by April 5, as revealed in a statement on March 25.
In response to escalating regulatory pressures and an impending blockade by the Philippines Securities and Exchange Commission (SEC), Binance, a prominent cryptocurrency exchange, has announced the cessation of support for Tron network-based USD Coin (USDC) stablecoins.
Binance will discontinue minting USDC on the Tron network by early-April.
Crypto exchange Binance said it would end support for Tron network-based USD Coin (USDC) stablecoins by April 5, according to a March 25 statement, following recent news Circle is pulling out of the Tron blockchain entirely.
The ongoing regulatory scrutiny of Tron (TRX) and Justin Sun by United States agencies has led to the end of an era of Circle's USDC in TRC20 standard.
Binance to end support for the USDC token on Tron network.
Binance plans to halt USDC transactions via the Tron (TRC20) network starting from April 5, 2024, at 02:00 UTC.
TL;DR Binance ceases support for deposits and withdrawals of USDC on the Tron network (TRC20), following a similar decision by Circle. Circle argues that the measure aims to maintain the trust and security of the stablecoin.
Crypto exchange Binance will end support for TRC-20-based USDC tokens on April 5, following an announcement by USDC issuer Circle to discontinue support for the stablecoin on the Tron blockchain. Circle ceased minting USDC on Tron and aims to phase out support entirely, aligning with efforts to maintain USDC's trust, transparency, and safety.
Crypto exchange Binance has announced it will cease support for USDC deposits and withdrawals via the TRC-20 standard. In a press release on Mar.
Crypto investors using Binance have been given 12 days to either convert, transfer or cash out their TRC-20 USDC tokens away from Binance.
This follows Circle's end of USDC on Tron, marking a significant shift in Binance's digital currency dealings. USDC is a key stablecoin linking traditional fiat and the growing crypto ecosystem.
In a significant development within the cryptocurrency sphere, Binance, one of the largest cryptocurrency exchanges globally, has made the decision to cease support for transactions involving a digital stablecoin pegged to the U.S. dollar on the Tron blockchain network. Effective April 5 at 2 UTC, users of the Binance platform will no longer have the
Binance will stop supporting USDC transactions on the TRC20 network from April 5, 2024, in response to Circle's policy changes.
The decision from Binance comes more than one month after Circle announced that it immediately ended USDC minting services on Tron.
Cryptocurrency exchange Binance said on Monday it will end support for USDC stablecoin deposits and withdrawals via Tron blockchain.
Solana's rising fortunes are a sharp change from when Ethereum and Tron dominated stablecoin volumes.
Taking to their official channels, Circle revealed the roadmap for this expansion, slated to commence on March 27th and extend through April 30th, 2024. During this period, USDC will be seamlessly integrated into the Polygon PoS Amoy testnet, offering developers enhanced accessibility and functionality.
The coming days are likely to bring with it a major milestone for Solana (SOL) as it looks to integrate the United States dollar-pegged USDC stablecoin on its platform. Only a Few Days To The Solana USDC Integration The Solana USDC integration push comes with the launch of Cross-Chain Transfer Protocol (CCTP) only a few
The Solana network is on the brink of achieving a significant milestone with the integration of USD Coin (USDC), one of the world's leading stablecoins.
A hacker exploited vulnerabilities in Dolomite's smart contracts, absconding with $1.8 million in USDC, prompting the exchange's development team to issue mitigation measures.
Blockchain analysts discovered one of BlackRock's wallets after a deposit of $100 million in USD Coin (USDC) on the Ethereum blockchain.
The transfers ranged from Bitcoin-based Ordinals Pepe (PEPE) coin to a CryptoDickbutts S3 NFT.
