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The decision by Circle suggests the possible future creation of a native network for the stablecoin.

The stablecoin issuer said that its decision, "aligns with our efforts to ensure that USDC remains trusted, transparent and safe."

In a move that marks a new chapter for the company and its users, Circle will discontinue minting USDC on the TRON blockchain. This phased transition will end new USDC minting on TRON soon, unfolding over the next few months.

Institutional clients have until February 2025 to transfer or redeem USDC held on Tron. USDC worth $335 million is hosted on Tron, as reported on Circle's website.

Centralized stablecoin issuer Circle is discontinuing support for USD Coin (USDC) on the Tron blockchain, citing concerns within its risk management framework. According to a Feb. 21 statement, this decision is rooted in the firm's commitment to ensuring USDC remains “trusted, transparent and safe” for its user base.

Circle stated that their decision is a part of their risk management framework.

Circle said the move aligned with its risk-management framework.

Circle has announced the cessation of USD Coin (USDC) support on the Tron blockchain. The decision, driven by risk management considerations, marks a strategic transition for Circle and prompts analysis of TRON's (TRX) response in the cryptocurrency market.

Circle has announced its decision to halt support for the USD Coin (USDC) on the Tron blockchain. The firm emphasized that this move is part of its commitment to maintaining USDC as a trusted, transparent, and safe currency.

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.

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 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".

Stablecoin issues Circle has published an update, entitled State of the USDC Economy. A new internet financial system is emerging, according to Circle.

The African stablecoin on/off ramp, Yellow Card, is set to introduce the stablecoin USDC on the Stellar network. This partnership has the potential to transform global payments and accelerate the adoption of digital assets.

Solana Mobile, Solana Labs' smartphone subsidiary, processed over $20 million in payments in alliance with Shopify and USDC, the second-largest dollar-pegged stablecoin. Anatoly Yakovenko, a co-founder of Solana Labs, explained that 51% of Chapter 2's payments were completed using USDC, with no payment processing fees associated.

TL;DR Moonwell launches “USDC Anywhere”, facilitating cross-chain lending of USDC across multiple Ethereum networks. The feature utilizes Circle's Cross-Chain Transfer Protocol (CCTP) and Socket technology to simplify and secure DeFi transactions. It allows users to lend and borrow USDC within minutes from major Ethereum networks like Arbitrum, Optimism, Polygon, and Avalanche.

In the rapidly evolving world of digital finance, a groundbreaking innovation has emerged, poised to redefine the landscape of decentralized finance (DeFi) and blockchain technology. Today marks the official launch of “USDC Anywhere,” a revolutionary feature from Circle, the creators of the highly popular stablecoin USDC.