Stablecoin USDC Ditches Tron Network, Cites Risk Management

The operator of the $28 billion USDC stablecoin, the second-largest such token in the digital-asset sector, axed support for the Tron blockchain created by crypto entrepreneur Justin Sun.

Circle Operational Risk Management

Strategic Action: Immediate cessation of USDC minting on the TRON network.
Rationale: Alignment with a "risk management framework" assessing blockchain suitability.
Objective: Ensuring USDC remains trusted, transparent, and safe.

The decision arose from a framework that continually assesses the suitability of all blockchains for the stablecoin, according to operator Circle Internet Financial Ltd. in a blog post on Wednesday.