Circle to cease minting USDC on Tron Network effective immediately

The U.S.-based stablecoin issuer said it would discontinue minting USDC on the Tron network “to ensure that USDC remains trusted.”

Circle, the issuer of the U.S. dollar-pegged stablecoin USD Coin

USDC, says it will discontinue support for the token on the Tron blockchain.

In a Feb. 20 blog post, Circle said it would “no longer mint USDC on TRON,” effective immediately, and would gradually phase out support for the blockchain network.

“Circle will support Circle Mint customers’ transfer(s) of USDC to other blockchains through February 2025,” it added.

Circle advised retail users and other non-Circle customers to move their TRON-based USDC “to an exchange or distributor where it can be transferred to another blockchain where USDC is supported.”

Circle cited its decision to discontinue TRON support was the “result of an enterprise-wide approach that involved the business organization, compliance, and other functions across our company.”

“This action aligns with our efforts to ensure that USDC remains trusted, transparent and safe.”

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