Circle will phase out USDC on TRON! Until February 2025

Circle (2/21) announced plans to stop supporting its U.S. dollar stablecoin (USDC) on the TRON blockchain, saying that this action is Circle’s effort to ensure that USDC remains transparent and trustworthy. and secure digital dollar status.

Circle will phase out USDC on TRON: By February 2025

Circle stated that with immediate effect, Circle will stop minting USDC on the TRON blockchain, representing the beginning of a phased transition.

During this period, Circle will assist customers in transferring USDC to other blockchains until February 2025. Circle will guide retail users and other non-Circle customers to transfer their USDC to a compatible blockchain through an exchange or dealer.

What can USDC users on TRON do?

During the transition period, Circle Mint customers (those who can mint USDC on Circle) have two main options:

• Transfer USDC to other blockchains

• Directly exchange USDC on TRON for legal currency through Circle

At the same time, retail USDC holders and non-Circle customers can visit global service providers, Including exchanges, brokers, etc. to facilitate their cross-chain transfers or fiat currency exchanges.

USDC can still be exchanged for U.S. dollars

Circle said that despite these changes, the basic promise of USDC remains unchanged and that it can still be exchanged for U.S. dollars on a 1:1 basis, ensuring that its users continue to Enjoy stable and reliable value deposits and withdrawals.

Why did Circle stop supporting Tron?

Circle stated that the decision to stop supporting USDC on TRON stems from Circle’s comprehensive risk management framework, which involves a meticulous assessment of the suitability of the blockchain. This decision reflects the joint efforts of various departments within Circle, including commercial, compliance, etc., to strengthen USDC’s position as the leading, regulated digital dollar. Going forward, Circle remains committed to expanding the accessibility of USDC and supporting more blockchains to provide developer choice and user security.

How much USDC is there in Tron? Considerable transaction volume

Currently, Tron has a supply of 313 million US dollars, a total of 380,000 holding addresses, and a 24-hour transaction volume of 7.56 billion US dollars, showing considerable usage.

On the other hand, USDT has a larger scale in TRON, with a supply of 51.8 billion U.S. dollars and a 24-hour trading volume of 66.8 billion U.S. dollars, which is nearly ten times that of USDC ：

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