Circle USDC Leaves Tron Network Due to Legal Challenges

Circle, a major stablecoin issuer, has announced its decision to halt minting on the Tron layer-1 blockchain, marking the initiation of a phased withdrawal from the network. This move comes amidst concerns regarding Trons compatibility with Circles risk management framework and ongoing legal challenges faced by Trons founder, Justin Sun, in the United States. Assessment of Blockchain Suitability In a statement, Circle emphasized its ongoing assessment of blockchain platforms supporting USDC, stressing the importance of maintaining stablecoins trust, transparency, and safety. The...

source: https://tokenpost.com/Circle-USDC-Leaves-Tron-Network-Due-to-Legal-Challenges-11289

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