Circle announced on 2/21 that it will stop issuing USDC on the Tron blockchain in February 2025. This announcement seems to echo the stablecoin regulatory legislation in the United States this year. As Tron is the largest trading blockchain for stablecoins, the withdrawal of USDC will result in a loss of billions of dollars in daily trading volume.
In response to this, the founder of Tron, Justin Sun, stated, “Tron is a decentralized blockchain protocol similar to Bitcoin and Ethereum. The Tron 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 encourage them to develop on Tron. Ultimately, Tron’s vision is to become the world’s largest and most prosperous decentralized financial protocol. A decentralized world requires decentralized currency, and we will continue to move forward. Let’s go!”
Circle
TRON
USDC
Justin Sun