Stablecoin

Ethereum

Solana

USDC

Coin

Circle, the issuer of the leading stablecoin USD Coin (USDC), has announced that it will no longer support USDC on the Tron blockchain. The decision, which takes effect immediately, is part of a phased transition from the Tron network.
<h2 id="circle-ends-usdc-stablecoin-support-on-tron-network">Circle Ends USDC Stablecoin Support on Tron Network</h2>
The company cited its risk management framework as a key factor in this decision. “This action is aligned with our efforts to ensure USDC remains trustworthy, transparent and secure. These features make it the leading regulated digital dollar on the internet,” Circle said in its announcement.
Stablecoins, such as USDC, are a type of cryptocurrency pegged to a fiat currency, usually the US dollar.
They are backed by a basket of underlying assets such as cash or bonds. USDC is the second largest stablecoin after Tether (USDT), with a token supply of over $26 billion.
Related News: <a href="https://en.bitcoinsistemi.com/binance-futures-announces-listing-of-this-altcoin-with-50x-leverage-9/" target="_blank" rel="noopener noreferrer nofollow">Binance Futures Announces Listing of This Altcoin with 50x Leverage!</a>
Data shows that more than $22 billion of this amount resides on the Ethereum blockchain, followed by $1.4 billion on Solana and $530 million on Polygon. Tron has a relatively smaller amount of 300 million USDC.
Despite this development, Tron's native TRX tokens remained stable and were trading at $0.14 at the time of writing.
Circle will continue to support customers to transfer their USDC to other blockchains until February 2025. Individual users and other customers outside of Circle will be able to move their USDC to Tron using exchanges.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bad-news-from-stablecoin-usdc-to-justin-sun-usdc-ended-its-support-to-this-network/" rel="noopener noreferrer nofollow">Bad News from Stablecoin USDC to Justin Sun! USDC Ended Its Support to This Network!</a>

Bad News from Stablecoin USDC to Justin Sun! USDC Ended Its Support to This Network!

목차

Bitcoin Sistemi EN

2024년 2월 21일에 게재된 다른 기사

First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days (21 Feb)

No Plan to Sell Bitcoin Said MicroStrategy CEO- Bloomberg

Bitcoin Price Drop: Investors Worry as Value Falls

SEC Leader Resigns, Stating ‘Crypto Is Here To Stay’ Following Bitcoin ETF Approvals

Expert Predicts Bitcoin Price to Triple This Year

Bitcoin Plunges Under $51,000, What’s Behind This Drop?

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!