<\/p>\n
Circle, the issuer of USDC, has announced the discontinuation of support for its stablecoin on the TRON blockchain.<\/p>\n
Circle said the decision is part of a broader strategy that aligns with its plans for an Initial Public Offering (IPO) in the United States.\u00a0<\/p>\n
The company will cease minting USDC on TRON and has advised users to transfer their funds to other platforms that support the stablecoin or redeem them for fiat currency.<\/p>\n
Circle Mint customers will be assisted in transferring their USDC to other blockchains until February 2025, while retail USDC holders and non-Circle customers can utilize global services, including retail exchanges and brokerages, for transfers or fiat redemption.\u00a0<\/p>\n
With a market capitalization of US$26.8 billion, USDC is the second-largest stablecoin after Tether, accounting for nearly 20% of the market dominance.\u00a0<\/p>\n
Circle\u2019s strategic pivot away from TRON and towards an IPO underscores the growing trend of crypto firms seeking to establish themselves as viable publicly traded companies in the U.S.\u00a0<\/p>\n
Circle filed to go public in January after the Boston-based firm submitted a draft registration statement to the Securities and Exchange Commission (SEC).\u00a0<\/p>\n
Circle previously attempted to go public through a US$ 9 billion special-purpose acquisition company (SPAC) deal, a plan that was abandoned in December 2022.<\/p>\n
\n Post Views:<\/span> 140<\/span>\n<\/p>\n<\/div>\n \t\t!function(f,b,e,v,n,t,s) Circle, the issuer of USDC, has announced the discontinuation of support for its stablecoin on the TRON blockchain. Circle said the decision is part of a broader strategy that aligns with its plans for an Initial Public Offering (IPO) in the United States.\u00a0 The company will cease minting USDC on TRON and has advised users […]<\/p>\n","protected":false},"author":2,"featured_media":185191,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-251669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/251669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=251669"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/251669\/revisions"}],"predecessor-version":[{"id":251671,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/251669\/revisions\/251671"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/185191"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=251669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=251669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=251669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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