BINANCE FOLLOWS CIRCLE AND DROPS USDC SUPPORT ON TRON

Last updated: June 19, 2025, 22:15 | Written by: Brock Pierce

The cryptocurrency landscape is constantly evolving, with stablecoins playing an increasingly vital role in facilitating transactions and providing stability in a volatile market.One of the most prominent stablecoins, USDC (USD Coin), has recently undergone a significant shift in its operational framework. この国はビットコインの採掘から焦点を移す計画だIn a move that sent ripples through the crypto community, Circle, the issuer of USDC, announced its decision to discontinue support for the stablecoin on the Tron blockchain (TRC20).This decision, driven by Circle's commitment to maintaining the integrity, transparency, and safety of USDC, has prompted a response from major cryptocurrency exchanges.Binance, one of the world's leading crypto exchanges, has followed suit, announcing that it will also cease support for USDC deposits and withdrawals via the TRC20 network. Binance outlined that it will halt support for the stablecoin via the Tron blockchain, effective April 5 at 2 UTC. Tron's founder, Justin Sun, a prominent figure in the cryptocurrency space, faced legal action from the US Securities and Exchange Commission (SEC) last year.This article delves into the details of this development, exploring the reasons behind Circle's decision, Binance's subsequent action, and the implications for users holding USDC on the Tron blockchain. In 2025, Circle started investing in the Circle Reserve Fund to manage a portion of the USDC reserves in cooperation with BlackRock. The firm expected its composition to continue to be around 20%It also examines the broader implications for the future of stablecoins and their role in the digital economy.

Understanding Circle's Decision to Discontinue USDC Support on Tron

On February 20th, Circle made a pivotal announcement: it would be discontinuing support for USDC on the Tron blockchain. 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, UTC.Users may continue trading USDC on Binance. Deposits and withdrawals of USDC via other Binance (@binance) MaThis decision wasn't taken lightly; it stemmed from a thorough assessment of the blockchain's ecosystem and its alignment with Circle's core values. TRXUSD TRON Binance follows Circle and drops USDC support on Tron. Crypto investors using Binance have been given 12 days to either convert, transfer or cash out their TRC-20 USDC tokens away fromWhile Circle didn't explicitly detail the reasons behind its decision, the company emphasized its commitment to ensuring that USDC remains a trusted, transparent, and safe digital asset. On Feb. 20, USDC issuer Circle announced plans to discontinue support for the stablecoin over the Tron blockchain, stating that the decision aligns with efforts to ensure that USDC remainsThis implied concerns about the Tron network's reliability, regulatory compliance, or overall integrity. صرافی کریپتو بایننس در کمتر از دو هفته دیگر پشتیبانی سپرده و برداشت از توکن های usd coin مبتنی بر trc 20 را متوقف می کند ، در 20 فوریه ، دایره صادرکننده usdc برنامه های خود را برای توقف پشتیبانی ازJustin Sun, Tron's founder, also faced legal action from the SEC last year.

The statement released by Circle hinted at a divergence in vision. Through February 2025, Circle Mint customers may transfer USDC to other blockchains, or redeem USDC on TRON for fiat currency directly with Circle. However, transfers of USDC on TRON from Circle Mint to external wallets are no longer supported.The company asserted that its efforts were focused on ensuring USDC's continued adherence to the highest standards of operation and compliance.This implicitly suggested that the Tron network, in its current form, may not fully align with these standards. Japan Rejects Bitcoin for National Reserves, While Private Sector Continues to InvestThe lack of specific details from Circle fueled speculation within the crypto community, with many attributing the decision to regulatory concerns and potential compliance issues associated with the Tron network.

Binance Responds: Ceasing USDC Support on TRC20

Following Circle's announcement, Binance swiftly responded with its own announcement on March 25th.The exchange stated that it would cease support for USDC deposits and withdrawals via TRC20, effective April 5th. In an announcement dated March 25, Binance said it would cease support for USDC deposits and withdrawals via TRC20 starting from April 5 at UTC, citing the decision was informed by Circle s move to exit Tron.This decision was directly informed by Circle's move to exit Tron.Binance, as a leading cryptocurrency exchange, relies on the stability and reliability of the assets it supports. USDCUSD USD Coin Binance follows Circle and drops USDC support on Tron. Crypto investors using Binance have been given 12 days to either convert, transfer or cash out their TRC-20 USDC tokens awayWhen Circle, the issuer of USDC, signaled a lack of confidence in the Tron network, Binance had little choice but to follow suit. Crypto investors using Binance have been given 12 days to either convert, transfer or cash out their TRC20 USDC tokens from Binance. 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, UTC. Users may continueThe exchange clarified that users could continue trading USDC on its platform but would no longer be able to deposit or withdraw the stablecoin using the TRC20 network.

This decision by Binance underscores the interconnectedness of the cryptocurrency ecosystem. On Feb. 21, Circle abruptly ceased USDC minting on the Tron blockchain but did not give a reason for ending Tron support, only saying it continually assesses the suitability of all blockchainsWhen a major player like Circle makes a significant move, it often triggers a domino effect, with other entities adapting their operations accordingly.Binance's decision highlights the importance of trust and confidence in the underlying infrastructure supporting digital assets.The exchange's actions served as a clear message to its users: Binance prioritizes the integrity and safety of the assets listed on its platform, even if it means discontinuing support for certain networks.

What This Means for USDC Holders on Tron

The decisions by Circle and Binance have significant implications for users who hold USDC on the Tron blockchain.Here's a breakdown of the key considerations:

Deposit and Withdrawal Suspension: Starting April 5th, Binance users can no longer deposit or withdraw USDC via the TRC20 network.
Trading Availability: Users can still trade USDC on Binance against other cryptocurrencies.
Conversion Options: Binance encouraged users to convert their TRC20-based USDC to other supported stablecoins or cryptocurrencies.
Circle Mint Options: Circle Mint customers have options until February 2025. My previous posts about Tron have resulted in very disparate views. Binance follows Circle and drops USDC support on Tron cointelegraph.com 18 12 Comments LikeThey can transfer USDC to other blockchains or redeem USDC on Tron for fiat currency directly with Circle.However, transfers of USDC on Tron from Circle Mint to external wallets are no longer supported.
Alternative Options: Retail USDC holders and non-Circle customers can explore other options such as using decentralized exchanges (DEXs) on Tron to swap their USDC for other assets.

For users holding significant amounts of USDC on Tron, it is crucial to take immediate action.The closure of deposit and withdrawal channels on major exchanges like Binance necessitates a strategic approach to managing these assets. News that are related to the article cointelegraph.com: Binance follows Circle and drops USDC support on Tron from papers and blogs.Users should carefully consider their options, weighing the potential costs and benefits of each approach. Top cryptocurrency prices and charts, listed by market capitalization. Free access to current and historic data for Bitcoin and thousands of altcoins.They should also be aware of the deadlines and limitations associated with Circle's redemption program. Crypto exchange Binance will cease deposit and withdrawal support for the TRC-20-based USD Coin (USDC) tokens in under two weeks. On Feb. 20, USDC issuer Circle announced plans to discontinue support for the stablecoin over the Tron blockchain, stating that the decision aligns with efforts to ensure that USDC remains trusted, transparent and safe. Circle [ ]Ultimately, the best course of action will depend on individual circumstances and risk tolerance.

Actionable Advice for USDC Holders on Tron

Assess Your Holdings: Determine how much USDC you hold on the Tron network.
Choose Your Path: Consider these options:
- Convert to another stablecoin: Convert USDC on Binance to USDT, BUSD, or another stablecoin supported by the exchange.
- Withdraw to another blockchain: If possible, use a bridging service to move your USDC to a blockchain supported by Circle and Binance. (Note: you would first need to convert your USDC into another asset, bridge that asset and then purchase USDC on the new chain.)
- Redeem directly with Circle (for Circle Mint customers): If you are a Circle Mint customer, explore the option of redeeming your USDC for fiat currency.
- Use a DEX: Swap your USDC for other assets on a decentralized exchange.
Act Quickly: Don't wait until the last minute.Processing times and network congestion could delay your transactions.
Stay Informed: Keep up-to-date with the latest announcements from Circle and Binance.

The Future of USDC and Stablecoins

The decision by Circle and Binance to drop USDC support on Tron raises important questions about the future of stablecoins and their role in the cryptocurrency ecosystem. Binance will discontinue support for USDC deposits and withdrawals on the Tron blockchain. The crypto exchange s decision comes more than one month after Circle announced that it immediately ended USDC minting services on Tron.Stablecoins are designed to maintain a stable value, typically pegged to a fiat currency like the US dollar.This stability makes them valuable tools for trading, lending, and other financial activities within the crypto space.

However, the recent events highlight the fact that stablecoins are not immune to regulatory scrutiny and operational risks. 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, UTC. Users may continue trading USDC on Binance.The decision by Circle to discontinue support for USDC on Tron suggests that the company is prioritizing regulatory compliance and risk management above all else.This could signal a broader trend within the stablecoin industry, with issuers focusing on building strong relationships with regulators and adhering to the highest standards of transparency and accountability.

The long-term impact of these events on the stablecoin market remains to be seen.It's possible that other stablecoin issuers will follow Circle's lead, focusing on established and regulated blockchains. This decision follows the discontinuation of USDC support on the Tron network by Circle, the issuer of the USDC stablecoin. Effective from Ap, at UTC, Binance users will no longer be able to deposit USDC tokens via TRC20.It's also possible that new stablecoins will emerge, designed to operate within more decentralized and less regulated environments. The details for Circle to support native support for TRON are not yet known, as the company didn t provide any specific details. However, everything indicated the company no longer believes in the network s reliability, stating that its mission aligned with its mission to maintain USDC trusted, transparent and safe .The evolution of the stablecoin market will likely be shaped by a complex interplay of technological innovation, regulatory developments, and market demand.

Tron's Response and Future Strategy

The departure of USDC from the Tron network is undoubtedly a setback for the project.Tron, founded by Justin Sun, has positioned itself as a platform for decentralized applications and content sharing.The loss of a major stablecoin like USDC could impact the network's liquidity and overall attractiveness to developers and users.

It remains to be seen how Tron will respond to this challenge. Domino Effect: After Circle, Binance Cuts USDC Support on Tron. Binance s move to end support for USDC on the Tron blockchain reflects a similar step taken by Circle. Circle decided to stop issuing USDC tokens on the Tron blockchain due to concerns about the blockchain s integrity and previous accusations of fraud related to TRX, Tron sThe network could focus on attracting other stablecoins to its platform or developing its own native stablecoin. Crypto investors using Binance have been given 12 days to either convert, transfer or cash out their TRC-20 USDC tokens away from Binance.Tron could also seek to improve its regulatory compliance and enhance its transparency in an effort to regain the confidence of stablecoin issuers. Crypto investors using Binance have been given 12 days to either convert, transfer or cash out their TRC-20 USDC tokens away from Binance. source: httpsThe future success of Tron will depend on its ability to adapt to the changing landscape of the cryptocurrency industry and address the concerns raised by Circle and other stakeholders.

The Broader Implications for the Crypto Industry

The situation with USDC and Tron has broader implications for the cryptocurrency industry as a whole. Options for USDC on TRON Users. Through February 2025, Circle Mint customers may transfer USDC to other blockchains, or redeem USDC on TRON for fiat currency directly with Circle. However, transfers of USDC on TRON from Circle Mint to external wallets are no longer supported. Retail USDC holders and non-Circle customers may use the hundreds ofIt underscores the importance of regulatory compliance, risk management, and the need for robust governance structures within the crypto space.As the industry matures, it is likely that we will see greater regulatory oversight and a greater emphasis on accountability.

The events also highlight the importance of due diligence for crypto investors. TRON is an ambitious project dedicated to the establishment of a truly decentralized Internet and its infrastructure. The TRON Protocol, one of the largest blockchain-based operating systems in the world, offers base public blockchain support of high throughput, high scalability, and high availability for all decentralized applications in the TRON ecosystem.Users should carefully research the projects and assets they invest in, paying close attention to the underlying technology, regulatory compliance, and the reputation of the team behind the project. Crypto exchange Binance will cease deposit and withdrawal support for TRC20-based USDC. Crypto investors using Binance have been given 12 days to either convert, transfer or cash out their TRC20 USDC tokens from Binance. Following Circle s discontinuation of USDC support on the Tron network (TRC20), Binance will cease support for USDC deposits and withdrawals via [ ]Diversification and risk management are essential tools for navigating the volatile world of cryptocurrencies.

Key Takeaways for the Crypto Community

Regulatory Compliance Matters: Stablecoin issuers are increasingly prioritizing regulatory compliance.
Risk Management is Crucial: Crypto investors need to be aware of the risks associated with different blockchains and digital assets.
Diversification is Key: Diversifying your portfolio can help mitigate risk.
Stay Informed: Keep up-to-date with the latest news and developments in the crypto industry.

Frequently Asked Questions (FAQs)

Why did Circle decide to discontinue USDC support on Tron?

Circle cited its commitment to ensuring that USDC remains a trusted, transparent, and safe digital asset.While the specific reasons weren't explicitly stated, the implication is that Tron's network didn't fully align with Circle's standards for security, compliance, or reliability.Regulatory concerns and potential compliance issues are speculated to be contributing factors.

What does Binance ceasing support for USDC on TRC20 mean for users?

It means that Binance users can no longer deposit or withdraw USDC using the Tron network (TRC20).They can still trade USDC on Binance, but they need to convert or withdraw their TRC20-based USDC through alternative methods before the deadline.

What are the options for users holding USDC on Tron?

Users have several options:

Convert to another stablecoin: Convert USDC to other stablecoins like USDT or BUSD on Binance.
Withdraw to another blockchain: Use a bridging service (after converting to another asset) to move your assets to a blockchain supported by both Circle and Binance.
Redeem directly with Circle (for Circle Mint customers): If you are a Circle Mint customer, redeem your USDC for fiat currency directly with Circle before the deadline.
Use a DEX: Swap your USDC for other assets on a decentralized exchange on Tron.

Is USDC still a safe stablecoin?

While the situation with Tron raises concerns, USDC remains a widely used and trusted stablecoin.Circle is committed to regulatory compliance and transparency, and USDC is backed by reserves held in regulated financial institutions.However, like all digital assets, USDC carries some inherent risks.

What is the future of Tron after this development?

Tron faces the challenge of attracting other stablecoins or developing its own.Improving regulatory compliance and transparency could help regain confidence from stablecoin issuers.Its future success will depend on its ability to adapt to the evolving crypto landscape.

Conclusion: Navigating the Changing Stablecoin Landscape

The decisions by Circle and Binance to discontinue USDC support on Tron mark a significant moment in the evolution of the cryptocurrency industry.This event highlights the critical importance of regulatory compliance, transparency, and risk management in the stablecoin market.For users holding USDC on TRC20, it is essential to take immediate action to convert or withdraw their assets through alternative methods.The broader crypto community should view this as a reminder of the need for due diligence, diversification, and staying informed about the latest developments in the ever-changing world of digital assets.The future of stablecoins will likely be shaped by ongoing technological innovation, regulatory developments, and the collective effort to build a more robust and trustworthy ecosystem.Consider converting your USDC now and researching alternative stablecoins to ensure your assets are secure.