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Circle's USD Coin (USDC) has been launched on the Celo blockchain, resulting in a 9% surge in CELO token value. San Francisco-based Financial services company Cricle announced the integration earlier this week.
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.
Circle has integrated USDC directly onto the Celo blockchain, enabling faster and cheaper transactions with its native stablecoin. This aligns with Circle and Celo's shared mission of increasing financial access.
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.
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.
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 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.
Discover the top stablecoins set to dominate 2024. These key players promise stability and growth in today's market.
It could be part of a long-time realignment separating compliant and gray-market crypto, says Daniel Kuhn.
Peer-to-peer payments company Circle will discontinue its support for stablecoin USDC on Justin Sun's Tron network.
The First Digital USD (FDUSD) stablecoin has overtaken Circle-issued USD Coin (USDC) as the second-most popular pair for Bitcoin during the last five months, thanks to the zero-trading fee program on Binance.
USDC halts TRON support, aligning with Circle's IPO plans.
Circle is discontinuing support for USDC on the TRON blockchain in a phased transition. Effective immediately Circle will no longer mint USDC on TRON.
Justin Sun underscored his respect and support for Circle's decision to pull USDC support from the Tron blockchain.
Circle announced the removal of native USDC on the Tron Network (TRX) as part of its “risk management framework.” This raised concerns about Tron's future in the market, which could impact TRX's price performance.
TL;dR Circle has decided to cease support for USD Coin (USDC) on the Tron blockchain, which has had a significant impact on the world of cryptocurrencies. This measure, part of the company's commitment to maintaining the reliability and security of USDC, primarily affects Circle Mint's commercial customers, with a deadline set for February 2025.
Circle, a prominent U.S. cryptocurrency firm, has announced its decision to discontinue support for its USDC token on the Tron blockchain network. The company revealed this strategic move on Wednesday, emphasizing its commitment to maintaining the trustworthiness, transparency, and safety of the USDC stablecoin.
Circle announces the cessation of USDC support on the Tron blockchain, citing ongoing risk assessments and an enterprise-wide approach in alignment with regulatory standards.
Circle, a prominent crypto firm, has recently announced its decision to cease support for the USD Coin (USDC) stablecoin on the Tron blockchain. This strategic pivot marks a significant shift in Circle's operations and underscores important considerations within the crypto industry.
