Crypto exchange Binance announced about the suspension of USDC input and output in the TRON network. As an explanation, the platform referred to Circle's decision.
According to the official statement, the new rules will come into force on April 5 from 02:00 UTC. Binance emphasized that they will not affect transfers to USDC in other networks.
Users will still be able to withdraw their funds or exchange them for other crypto assets. After this period, USDC deposits made through the TRON network will not be credited.
Circle announced that it will suspend issuance of USDC in this ecosystem at the end of February 2024. The company did not provide any explanation for its decision.
Some other exchanges have also introduced restrictions on USDC deposits and withdrawals into TRON. In particular, the platform Kraken still allows stablecoins to be deposited through this network, but not withdrawn.
Source: Cryptocurrency
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