Posted 2/21/2024, 10:56:18 AM
Circle Ends USDC Support on Tron, Citing Risk Concerns Amid Tron Founder's Legal Troubles
- Circle discontinuing support for USDC stablecoin on Tron blockchain, citing risk management
- Will no longer mint new USDC on Tron, but support transfers off Tron until 2025
- Tron founder Justin Sun says this seems like a unilateral commercial decision by Circle
- Comes amid Tron's legal troubles - Sun faces SEC market manipulation and fraud charges
- SEC alleges Sun manipulated prices of TRX and BTT tokens to gain $31M; Sun denies charges