Circle outlines a phased discontinuation of USDC on Tron for Circle Mint customers and retail users.
Circle is discontinuing support for USDC on the TRON blockchain in a phased transition. Effective immediately we will no longer mint USDC on TRON. Circle will support Circle Mint customers’ transfer(s) of USDC to other blockchains through February 2025. As Circle only serves business and institutional customers, retail users and other non-Circle customers can move their USDC on TRON to an exchange or distributor where it can be transferred to another blockchain where USDC is supported.
Options for USDC on TRON Users
Through February 2025, Circle Mint customers may transfer USDC to other blockchains, or redeem USDC on TRON for fiat currency directly with Circle. However, transfers of USDC on TRON from Circle Mint to external wallets are no longer supported.
Retail USDC holders and non-Circle customers may use the hundreds of global services available, including retail exchanges, brokerages and on/off-ramp providers, to transfer USDC between blockchains or redeem their USDC for fiat currency.
As always, USDC remains redeemable 1:1 for US dollars.
Looking Forward
As part of our risk management framework, Circle continually assesses the suitability of all blockchains where USDC is supported. Our decision to discontinue support for USDC on TRON is the result of an enterprise-wide approach that involved the business organization, compliance and other functions across our company. This action aligns with our efforts to ensure that USDC remains trusted, transparent and safe - characteristics that make it the leading regulated digital dollar on the internet.
Our commitment to growing USDC remains steadfast. We will continue to expand USDC’s reach to additional blockchains to deliver the widest access, broadest developer choice, and most secure user experience of any dollar stablecoin in the world.
