🚨🚨💥Circle to Discontinue USDC on TRON by February 2025! 🚀📢What You Need to Know!
In a surprising move, Circle, the issuer of major stablecoin USD Coin (USDC), has announced the discontinuation of USDC on the Tron blockchain. The bombshell came in an early Wednesday announcement, revealing an immediate halt to USDC minting on TRON.
📅 Timeline: Customers can transfer USDC to other blockchains until February 2025. Retail users and non-Circle customers, fret not! You can smoothly move your USDC on TRON through various exchanges.
🛡️ Why? Circle points to its risk management framework, emphasizing the decision's alignment with efforts to maintain USDC's trust, transparency, and safety. These qualities, Circle claims, position USDC as the leading regulated digital dollar on the internet.
💰 USDC Stats: As the second-largest stablecoin, USDC boasts a whopping $26 billion token supply. Ethereum hosts the lion's share at over $22 billion, with smaller amounts on Solana, Polygon, and a relatively modest $300 million on Tron.
📈 Market Reaction: Amidst this crypto shake-up, Tron's native TRX tokens remain resilient, holding steady at 13 cents during the Asian morning hours on Wednesday.
🤔 What's next for $USDC and $TRX ? Stay tuned for more updates on this game-changing development! 🚀🔥
