Justin Sun responds to Circle's decision to halt the issuance of TRON USDC.
Circle announced on 2/21 that it will stop issuing USDC on the Tron blockchain in February 2025. This announcement seems to align with the stablecoin regulatory legislation in the United States this year. Tron, as the largest trading blockchain for stablecoins, will also lose billions of dollars in daily trading volume due to the exit of USDC.
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Circle announced on 2/21 that it will stop issuing USDC on the Tron blockchain in February 2025, a move that seems to align with stablecoin regulatory legislation in the United States this year. Tron, as the largest trading blockchain for stablecoins, will lose billions of dollars in daily trading volume due to the withdrawal of USDC.
Circle will gradually phase out USDC on TRON, and will no longer support minting after February 2025.
In response to this, Tron founder Justin Sun stated:
“Tron is a decentralized blockchain protocol, similar to Bitcoin and Ethereum. Tron's developer community maintains the normal operation of the network through consensus and decentralized node consensus.
We respect and support the development decisions of every developer, and hope to encourage them to develop on Tron. Ultimately, Tron's vision is to become the largest and most prosperous decentralized financial protocol in the world. A decentralized world requires decentralized currency, and we will continue to move forward. Let's go!”
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