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Crypto firm Circle to end support for USDC stablecoin on Tron blockchain

Major U.S. crypto firm Circle will end support for its USDC token on the Tron blockchain network, a decision the company said on Wednesday "aligned with its efforts to ensure that USDC remained trusted, transparent and safe". Boston-based Circle said in a blog that, effective immediately, it would no longer mint USDC tokens on Tron, a fast-growing platform widely used for transferring stablecoins whose founder is facing regulatory problems in the United States. Stablecoins are digital tokens that are designed to keep a constant value and are backed by traditional currencies. Tron's vision is to become the world's "largest and most prosperous decentralized financial protocol," a Tron spokesperson said.

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