Circle Ends USDC Support on TRON Network, Cites Risk Management

The move aims to maintain USDC's integrity amid legal challenges faced by TRON's founder, with support for token transfers until 2025.

Circle announces it will cease minting USDC on the TRON network due to risk management concerns, marking a phased transition away from the platform.
The decision follows an enterprise-wide review, aiming to ensure USDC remains trusted, transparent, and safe amidst regulatory challenges faced by TRON's founder, Justin Sun.
Retail and institutional users of USDC on TRON are supported in transferring their tokens to other blockchains until February 2025.
TRON's legal issues, including SEC charges against Justin Sun for market manipulation and fraud, contribute to Circle's decision to end support for USDC on the network.
Despite the announcement, TRON's native TRX tokens remained steady in trading, reflecting minimal immediate market impact.