This follows Circle’s end of USDC on Tron, marking a significant shift in Binance’s digital currency dealings.
USDC is a key stablecoin linking traditional fiat and the growing crypto ecosystem.
Binance Ends Support for TRC-20 USDC Transactions
Its peg to the US dollar provides a level of stability and trust that has been instrumental in its widespread adoption. Ending USDC support on TRON by Circle and Binance highlights a strategic shift with a significant impact on its users.
Following Circle’s discontinuation of USDC support on the Tron network (TRC20), Binance will cease support for USDC deposits and withdrawals via TRC20 starting from 5 April 2024, 02:00 am UTC.
Users may continue trading USDC on Binance. Deposits and withdrawals of USDC via other…
— Binance (@binance) March 25, 2024
Post-cutoff, TRC20 USDC deposits won’t credit, making this transaction method obsolete on Binance. Binance users must switch from TRC-20 to USDC to avoid trading disruptions.
It’s important to note, however, that this change is specific to the TRC-20 network. Binance has made it clear that trading of USDC on their platform will continue unabated. Furthermore, deposits and withdrawals of USDC via other supported networks remain unaffected. This maintains USDC use on Binance through other paths, protecting diverse user interests.
More About Binance
Binance has just unveiled an exciting new video featuring football icons Cristiano Ronaldo and Ana Marković. While their football prowess is undisputed, this playful showdown poses the question: can their exceptional talents translate to the miniature field of foosball?
Cristiano Ronaldo vs. Ana Marković
We all know that they have football talent, but can the same skills apply to foosball? Let’s find out.
Watch here ➡️ https://t.co/3mvICAIOFL pic.twitter.com/NGpTBduORC
— Binance (@binance) March 20, 2024
It’s a unique opportunity to see these athletes in a different light, showcasing their competitive spirit and adaptability to the grassy field.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
