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Binance, a leading cryptocurrency exchange, announced on Monday the discontinuation of deposits and withdrawals for the US dollar-pegged stablecoin USDC on the Tron blockchain network, Reuters reported.
Following Circle’s halt on USDC minting on Tron, Binance maintains active USDC trading and unaffected transactions on alternative networks.
The change is effective on April 5 at 2 UTC, with Tron’s response still awaited. Meanwhile, Tron’s Justin Sun faces an SEC lawsuit over alleged trading volume manipulation and unregistered security sales, which he contests as baseless.
