Circle Stops Issuing USDC on TRON Network

Circle announced on Wednesday that it will no longer support USDC on the TRON network and has already ceased its USDC minting services on the blockchain.

The decision followed a thorough risk assessment process that involved all aspects of the company, including business organization and compliance.

Circle stated that this decision is in line with its commitment to maintain the trust, transparency, and safety of USDC.

The company will assist its Circle Mint users in transferring their USDC to other blockchain networks until February 2025.

Additionally, clients can opt to redeem their USDC for fiat currency with Circle. Non-Circle users and retail USDC holders were advised to use retail trading platforms to redeem or transfer their holdings.