Binance follows Circle and drops USDC support on Tron
Crypto investors using Binance have been given 12 days to either convert, transfer or cash out their TRC-20 USDC tokens away from Binance.
Crypto exchange Binance will cease deposit and withdrawal support for the TRC-20-based USD Coin (USDC) tokens in under two weeks.
On Feb. 20, USDC issuer Circle announced plans to discontinue support for the stablecoin over the Tron blockchain, stating that the decision aligns with “efforts to ensure that USDC remains trusted, transparent and safe.”
Circle also stopped minting USDC on Justin Sun’s Tron blockchain on the same day and said it would gradually phase out support for the blockchain network entirely.
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