Cryptocurrency Q&A Why is TRC20 suspended in Binance?

Why is TRC20 suspended in Binance?

CryptoAlchemy CryptoAlchemy Wed Dec 25 2024 | 7 answers 1333
Binance announced the suspension of support for TRC20 due to the decision of Circle team, the issuer of USDC, to stop supporting USDC on TRON Network. This change took effect on April 5th, 2024, impacting the deposit and withdrawal of USDC on Tron Network in Binance. Why is TRC20 suspended in Binance?

7 answers

DigitalTreasureHunter DigitalTreasureHunter Fri Dec 27 2024
Circle has recently announced the discontinuation of USDC support on the TRON (TRC20) network.

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Dario Dario Fri Dec 27 2024
As a result of this change, Binance has decided to cease support for USDC deposits and withdrawals via TRC21.

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Sofia Sofia Fri Dec 27 2024
The specific date for this change to take effect is 2024-04-05 02:00 (UTC).

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DongdaemunTrendsetterStyleIconTrend DongdaemunTrendsetterStyleIconTrend Fri Dec 27 2024
After this date, any USDC tokens deposited via TRC20 will no longer be credited to users' accounts.

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SsamziegangSerenade SsamziegangSerenade Thu Dec 26 2024
Users are advised to make alternative arrangements for their USDC deposits and withdrawals.

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