{"id":75179,"date":"2024-03-25T09:17:06","date_gmt":"2024-03-25T09:17:06","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/binance-to-end-support-for-usdc-stablecoin-the-express-tribune\/"},"modified":"2024-03-25T09:17:06","modified_gmt":"2024-03-25T09:17:06","slug":"binance-to-end-support-for-usdc-stablecoin-the-express-tribune","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/binance-to-end-support-for-usdc-stablecoin-the-express-tribune\/","title":{"rendered":"Binance to end support for USDC stablecoin  | The Express Tribune"},"content":{"rendered":"<div id=\"\">\n<p>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\u00a0dollar.<\/p>\n<p>Last month, Boston-based crypto firm Circle said it would\u00a0<a rel=\"nofollow\" href=\"https:\/\/www.reuters.com\/technology\/crypto-firm-circle-end-support-usdc-stablecoin-tron-blockchain-2024-02-21\/\">no longer mint<\/a>\u00a0USDC tokens on Tron, a fast-growing platform widely used for transferring stablecoins.<\/p>\n<p>Stablecoins are digital tokens that are designed to keep a constant value and are backed by traditional currencies.<\/p>\n<p>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\u00a0<a rel=\"nofollow noopener\" href=\"https:\/\/www.binance.com\/en\/support\/announcement\/binance-will-cease-support-for-deposits-and-withdrawals-of-usdc-via-the-tron-network-trc20-33df0ff0e2e94259950b5c4b1f4952f7\" target=\"_blank\">blog post, opens new tab<\/a>.<\/p>\n<p>Tron did not immediately respond to a Reuters request for comment.<\/p>\n<p>The cryptocurrency exchange said it will end support for the stablecoin via the Tron blockchain starting April 5 at 2 UTC.<\/p>\n<p>Tron founder Justin Sun, a prominent crypto entrepreneur, was\u00a0<a rel=\"nofollow\" href=\"https:\/\/www.reuters.com\/legal\/sec-sues-justin-sun-others-over-illegal-crypto-sales-2023-03-22\/\">sued last year<\/a>\u00a0by 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 &#8220;lack merit&#8221;.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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\u00a0dollar. Last month, Boston-based crypto firm Circle said it would\u00a0no longer mint\u00a0USDC tokens on Tron, a fast-growing platform widely used for transferring stablecoins. Stablecoins are digital tokens [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":75180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/i.tribune.com.pk\/media\/images\/binance1676309596-0\/binance1676309596-0.jpg","fifu_image_alt":"","footnotes":""},"categories":[8],"tags":[],"class_list":["post-75179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/75179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/comments?post=75179"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/75179\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/75180"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=75179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=75179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=75179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}