Binance, the popular cryptocurrency exchange, will no longer support TRC-20-based USD Coin (USDC) tokens for deposits and withdrawals. This decision comes after Circle, the issuer of USDC, announced its plans to discontinue support for the stablecoin on the Tron blockchain. Circle’s decision also led to Binance following suit and announcing that it will cease support for TRC-20-based USDC on April 5. Users of Binance have been given 12 days to convert, transfer, or cash out their TRC-20 USDC tokens. However, the exchange will still allow USDC trades even after the deadline. Other supported blockchains will not be affected by this change. Circle did not provide a reason for stopping support for Tron, but it stated that it continually assesses the suitability of all blockchains as part of its risk management process. Tron, on the other hand, did not receive any further information from Circle and was not notified in advance.
Tron loses Binance's support for USDC, following Circle's decision
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