Cryptocurrency exchange Binance announced a temporary suspension of USDC deposit and withdrawal operations on the TRON network. According to them, this decision was made after the announcement by Circle, the developer of the USDC stablecoin, about the introduction of new rules. The changes will take effect on April 5 from 02:00 Coordinated Universal Time (UTC), which corresponds to 04:00 local time in Kyiv. However, this impact will not affect USDC transactions on other blockchains.

Binance users will still be able to withdraw their funds or exchange them for other cryptocurrencies. But after the specified period, USDC deposits made through the TRON network will be suspended.

Circle, in turn, announced that it would cease issuing USDC on the TRON network at the end of February 2024, but the company did not disclose the reasons for this step.

Some other exchanges have also introduced restrictions on USDC transactions on the TRON network. For example, the Kraken exchange allows stablecoins to be deposited through this network, but not withdrawals.