Binance to Halt USDC Transactions on Tron Network Starting April 5, 2024
Monday, 25 March 2024, 11:30
Binance Stops USDC TRC20 Deposits and Withdrawals
Binance plans to halt USDC transactions via the Tron (TRC20) network starting from April 5, 2024, at 02:00 UTC. This strategic change is in response to Circle's announcement to discontinue USDC support on the same network.
Action Required for USDC Holders
- USDC Transactions: USDC deposits on TRC20 won't be processed post the deadline.
- Continuous Trading: USDC dealings on other networks remain functional on Binance.
- Other Supported Networks: Deposits and withdrawals via other networks remain unaffected.
This shift signifies the industry's adaptation to evolving regulations and market dynamics, prioritizing USDC's stability and usage on compatible networks.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.