Circle has announced its decision to cease support for its USDC token on the Tron blockchain network. USDC stablecoin is the seventh-largest crypto token, at the time of writing, with approximately $28 billion in circulation. Israel’s National Bureau for Counter-Terror Financing (NBCTF) has seized numerous Tron wallets.

announced its decision to cease support for its USDC token on the Tron blockchain network. The decision, disclosed on Wednesday, reflects Circle’s commitment to maintaining the integrity and safety of its USDC stablecoin, aligning with its ongoing efforts to ensure transparency and trust in the digital asset realm.

Based in Boston, Circle outlined in a blog post that, effective immediately, it will discontinue the minting of USDC tokens on Tron, a rapidly expanding platform known for facilitating the transfer of stablecoins. This strategic shift comes amidst regulatory challenges faced by Tron’s founder in the United States, underscoring Circle’s vigilance in evaluating the suitability of blockchain networks supporting USDC.

While Circle did not explicitly specify the rationale behind its decision, it emphasized its continuous assessment of blockchain platforms within its risk management framework. Until February 2025, institutional clients can transfer their USDC holdings from Tron to other compatible blockchains or redeem them for traditional currency. Likewise, retail customers can seamlessly transfer USDC to alternative blockchains or redeem them through crypto exchanges and brokerages.