Cryptocurrency Q&A
Will Binance stop supporting USDC?
Will Binance stop supporting USDC?
CryptoProphet
Thu Jun 13 2024
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5 answers
1030
Could you please clarify the situation regarding Binance's support for USDC? There has been some speculation that they might discontinue their support for this stablecoin. Is there any official announcement or statement from Binance addressing this issue? Could you also elaborate on the possible reasons why they might decide to stop supporting USDC? Would such a move have significant implications for the crypto market and holders of USDC? Additionally, would Binance provide any alternative options for those who currently rely on USDC for their transactions and holdings? Thank you for your insights on this matter.
5 answers
Caterina
Sat Jun 15 2024
In line with this development, Binance, a leading cryptocurrency exchange, has also announced its intention to cease support for USDC deposits and withdrawals utilizing the TRC20 protocol.
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emma_anderson_scientist
Sat Jun 15 2024
Circle, a renowned cryptocurrency company, has recently announced its decision to discontinue support for USDC on the Tron network, specifically the TRC20 token standard.
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mia_harrison_painter
Fri Jun 14 2024
Effective from 5 April 2024, at 02:00 am UTC, Binance will no longer facilitate transactions involving USDC on the Tron network using the TRC20 format.
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GyeongjuGrace
Fri Jun 14 2024
Users of Binance who currently hold USDC on the Tron network in TRC20 format are advised to take necessary actions to ensure their funds are transferred or utilized before the cutoff date.
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EthereumLegendGuard
Fri Jun 14 2024
BTCC, a UK-based cryptocurrency exchange, offers a diverse range of services including spot trading, futures trading, and wallet solutions. These services cater to the needs of crypto enthusiasts and investors alike.
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