{"id":74330,"date":"2024-03-25T04:59:15","date_gmt":"2024-03-25T08:59:15","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=74330"},"modified":"2024-03-25T04:59:18","modified_gmt":"2024-03-25T08:59:18","slug":"binance-phases-out-tron-network-for-usdc-transactions","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/binance-phases-out-tron-network-for-usdc-transactions\/","title":{"rendered":"Binance Phases Out Tron Network for USDC Transactions"},"content":{"rendered":"\n

Binance announces the discontinuation of USDC<\/a> transactions over the Tron network, a move following Circle\u2019s decision to cease USDC minting on Tron, signaling a shift in stablecoin operations.<\/p>\n\n\n\n

\"Binance<\/figure>\n\n\n\n

Binance,\u00a0the global cryptocurrency exchange behemoth, has declared an end to its support\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> for the Tron blockchain network concerning USDC stablecoin transactions. <\/p>\n\n\n\n

This strategic withdrawal aligns with Circle\u2019s<\/a> previous cessation of USDC token minting on the Tron platform, a rapidly expanding network for stablecoin transfers.<\/p>\n\n\n\n

Stablecoins, the digital tokens pegged to maintain parity with traditional currencies, will continue to be traded on Binance. <\/p>\n\n\n\n

However, starting April 5 at 2 UTC, deposits and withdrawals of USDC via Tron will no longer be available. Binance assures that other supported networks for USDC transactions remain unaffected.<\/p>\n\n\n\n

The move comes amidst legal scrutiny faced by Tron\u2019s founder, Justin Sun, who was sued by the U.S. Securities and Exchange Commission for alleged market manipulation related to Tron tokens. <\/p>\n\n\n\n

Sun has dismissed the allegations, challenging the SEC\u2019s claims.<\/p>\n\n\n\n

As the crypto landscape continues to evolve, this development marks a significant pivot in the operational dynamics of stablecoins, particularly within the infrastructure of leading crypto exchanges like Binance.<\/p>\n","protected":false},"excerpt":{"rendered":"

Binance announces the discontinuation of USDC transactions over the Tron network, a move following Circle\u2019s decision to cease USDC minting on Tron, signaling a shift in stablecoin operations. Binance,\u00a0the global cryptocurrency exchange behemoth, has declared an end to its support for the Tron blockchain network concerning USDC stablecoin transactions. This strategic withdrawal aligns with Circle\u2019s […]<\/p>\n","protected":false},"author":44,"featured_media":74332,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[12929,1106],"class_list":["post-74330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","tag-tron-network","tag-usdc"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/Binance_800x450.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/74330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=74330"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/74330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/74332"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=74330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=74330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=74330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}