Circle to Cease USDC Support for Flow Blockchain Prior to Crescendo Upgrade

Monday, 5 August 2024, 17:47

Circle has announced that it will discontinue support for USDC on the Flow blockchain in preparation for the upcoming Crescendo upgrade, scheduled for September 4, 2024. This decision impacts users relying on USDC transactions within the Flow ecosystem. As the upgrade approaches, stakeholders are advised to take necessary steps regarding their USDC holdings to ensure a smooth transition. The move highlights the shifting dynamics in blockchain technology and the importance of adaptation during major updates.
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Circle to Cease USDC Support for Flow Blockchain Prior to Crescendo Upgrade

Circle to Discontinue USDC on Flow Blockchain

Circle has made a significant announcement regarding its USDC support.

Details of the Discontinuation

The company will cease USDC support on the Flow blockchain in anticipation of the upcoming Crescendo upgrade scheduled for September 4, 2024.

  • This decision will directly affect users relying on USDC transactions.
  • Stakeholders must prepare for the transition.

Conclusion

This move by Circle emphasizes the importance of adapting to changes in blockchain technology as upgrades unfold.


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.


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