Binance suspends support for USDC deposits and withdrawals via TRON

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Crypto alternate Binance has introduced it’s going to stop help for USDC deposits and withdrawals by way of the TRC-20 commonplace.

In a press release on Mar. 25, crypto alternate Binance revealed that it plans to discontinue help for USD Coin (USDC) stablecoin on the TRON community. Ranging from Apr. 5 at 02:00 (UTC), the alternate will now not help deposits and withdrawals, citing Circle’s discontinuation of USDC help on the TRON community.

Binance famous that deposits and withdrawals of USDC by way of different supported networks (e.g. Ethereum) is not going to be impacted. The newest transfer comes after USDC issuer Circle announced earlier in February that it plans to finish help for its token on TRON by February 2025, saying the efforts are made “to make sure that USDC stays trusted, clear and protected.”

“Our choice to discontinue help for USDC on TRON is the results of an enterprise-wide strategy that concerned the enterprise group, compliance and different capabilities throughout our firm.”


As of press time, information from, a platform monitoring USDC throughout a number of blockchains, signifies that over $172 million value of liquidity is locked in USDC on TRON, accounting for 0.54% of the full provide. This determine surpasses liquidity locked in different networks similar to Polygon ($168 million) and Optimism ($118 million).

Binance suspends support for USDC deposits and withdrawals via TRON - 1
Binance’s allocation in TRON | Supply: Nansen

In response to insights from Nansen information, Binance has allotted roughly $1.7 million in USDC, representing about 0.01% of its token allocations on the TRON community. In the meantime, a good portion of Binance’s TRC-20 holdings, valued at over $13.5 billion, is allotted in Tether (USDT), constituting 98.2% of its holdings on the community.

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