Binance to end support for USDC stablecoin on Tron blockchain network


Binance logo is seen in this illustration taken March 31 2023. REUTERSDado RuvicIllustrationFile Photo

Binance logo is seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -Cryptocurrency exchange Binance said on Monday it will end support for deposits and withdrawals via the Tron blockchain network for a digital stablecoin that is pegged to the U.S. dollar.

Last month, Boston-based crypto firm Circle said it would no longer mint USDC tokens on Tron, a fast-growing platform widely used for transferring stablecoins.

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