Sirwin
Sirwin
Circle kicks Tron

USDC is discontinuing on the TRON blockchain

By Yugocean | Crypto Champion | 21 Feb 2024


     Circle's USDC, the crypto world's second-largest stablecoin, will discontinue unpopular Justin Sun's popular Tron network.

 

 


 

So Long Tron

     Circle has announced that its USDC will cease the Tron blockchain. Users are told to move their USDC to other supported blockchains or exchange it for fiat. Circle Mint clients can do this directly; retail holders and non-Circle customers are advised to use the available services, such as brokerages and exchanges.

   

 

 

For some strange Reason

     Circle gave no specific details when citing the cause of leaving TRON. It appears that Jeremy Allaire, the CEO of Circle, and Justin Sun, the founder of Tron, are at odds. I believe that Jeremy's suspicions have likely grown after Justin's aggressive minting on TRON led to the depegging of another stablecoin TUSD.

   

 

Don't panic, there is still time

     Users have been granted until February 2025; therefore, transactions involving USDC will persist on the TRON blockchain for a duration of 11 months. The reason for the popularity of the Tron blockchain is its low transaction fees; consumers still have time to look for alternatives, and USDC may discover other affordable networks.

   

How do you rate this article?

26


Yugocean
Yugocean

Judge me by my action. Personally everyone will do self praise,.


Crypto Champion
Crypto Champion

Cryptocurrency-related contents that explains the status, need, or redundancy of new and old cryptocurrencies.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.