Cryptocurrency exchange Binance said on Monday it will end support for deposits and withdrawals via the Tron blockchain network for a digital stablecoin that is pegged to the US dollar.
Last month, Boston-based crypto firm Circle said it would no longer mint USDC tokens on Tron, a fast-growing platform widely used for transferring stablecoins.
Stablecoins are digital tokens that are designed to keep a constant value and are backed by traditional currencies.
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Users can continue trading USDC on Binance, while deposits and withdrawals of USDC via other supported networks will not be impacted, the cryptocurrency exchange said in a blog post.
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