Technology
Binance to end support for USDC stablecoin
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 US 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.
Stablecoins are digital tokens that are designed to keep a constant value and are backed by traditional currencies.
Users can continue trading USDC on Binance, while deposits and withdrawals of USDC via other supported networks will not be impacted, Binance said in a blog post, opens new tab.
Tron did not immediately respond to a Reuters request for comment.
The cryptocurrency exchange said it will end support for the stablecoin via the Tron blockchain starting April 5 at 2 UTC.
Tron founder Justin Sun, a prominent crypto entrepreneur, was sued last year by the US Securities and Exchange Commission for allegedly artificially iNFLating trading volumes and selling Tron tokens as an unregistered security. Sun said the SEC charges "lack merit".
When is Leganés - Real Madrid? How to watch on TV and stream online | LaLiga
San Antonio Spurs vs Golden State Warriors Prediction 11-23-24 NBA Picks
Milwaukee Bucks vs Charlotte Hornets Prediction 11-23-24 NBA Picks
Texans vs. Titans best bets, picks and odds | Week 12 2024
Chiefs vs. Panthers best bets, picks and odds | Week 12 2024
Orlando Magic at Los Angeles Lakers odds, picks and predictions
-
Technology12h agoAI harm is often behind the scenes and builds over time – a legal scholar explains how the law can adapt to respond
-
Technology18h agoAwkwardness can hit in any social situation – here are a philosopher’s 5 strategies to navigate it with grace
-
Technology18h agoNo need to overload your cranberry sauce with sugar this holiday season − a food scientist explains how to cook with fewer added sweeteners
-
Technology1d agoTeslas are deadliest road vehicles despite safety features: study | The Express Tribune
-
Technology1d agoThere Is a Solution to AI’s Existential Risk Problem
-
Technology1d agoUS pushes to break up Google, calls for Chrome sell-off in major antitrust move | The Express Tribune
-
Technology1d agoPublic health surveillance, from social media to sewage, spots disease outbreaks early to stop them fast
-
Technology1d agoTikTok, PTA host youth safety summit in Pakistan | The Express Tribune