Coinspeaker
Binance to End Support for Tron-based USDC Tokens by April 5

Binance, the leading cryptocurrency exchange by daily traded volume and registered users, has announced that it will cease the support for USDC, the flagship Stablecoin for Circle Internet Financial Ltd, by April 5. The decision to end the support for USDC deposits and withdrawals through the TRC20 standard follows the prior announcement by Circle that customers have until February 2025 to migrate their USDC coins to other supported chains.

“Deposits of USDC tokens via TRC20 will no longer be credited to users’ accounts after 2024-04-05 02:00 (UTC),” Binance noted.

Meanwhile, Binance noted that its customers can continue trading Circle’s USDC through the supported chains as they migrate their coins from TRC20 standards.

Major Blow to the Tron (TRX) Web 3.0 Ecosystem

The palpable growth of the web3 ecosystem has been bolstered by the existence of programmable highly liquid stablecoins led by Tether (