{"id":11262,"date":"2024-02-27T15:28:02","date_gmt":"2024-02-27T08:28:02","guid":{"rendered":"https:\/\/bitcoinvn.io\/news\/?p=11262"},"modified":"2026-05-31T11:51:05","modified_gmt":"2026-05-31T04:51:05","slug":"circle-usdc-on-tron-will-get-phased-out","status":"publish","type":"post","link":"https:\/\/bitcoinvn.io\/insights\/circle-usdc-on-tron-will-get-phased-out\/","title":{"rendered":"Circle: USDC on Tron will get phased out"},"content":{"rendered":"

\"Circle<\/p>\n

In a surprising announcement, Circle revealed this week its decision to begin phasing out USDC support on the Tron blockchain immediately.<\/p>\n

While, for now, only the issuance of new USDC on the Tron network is affected, and redemptions remain possible for the foreseeable future, it is expected that USDC_Tron infrastructure will see a rapid decline across the wider ecosystem.<\/p>\n

The move by Circle is especially surprising as the team behind USDC has significantly ramped up its efforts to gain market share in Asia over the past year.<\/p>\n

\"USDC<\/p>\n

In Asian markets, USDT_Tron (Tether)<\/a> remains \u201cthe standard,\u201d dominating the industry and overshadowing any alternative stablecoins and networks in terms of usage.<\/p>\n

Tether, the company behind USDT, has recently been revealed as the world\u2019s most profitable company per capita.<\/p>\n

\"USDC
USDC is climbing out of the bear market trough<\/figcaption><\/figure>\n

The pie that the two giants, Tether and Circle, are fighting over is certainly a very juicy one. With the upcoming \u201cbull run,\u201d it is expected that the heat in the stablecoin wars will intensify once more.<\/p>\n

Regarding the impact on BitcoinVN users of USDC<\/a>:<\/h2>\n

\"BitcoinVN<\/p>\n

All other supported networks will remain accessible as ever for using USDC to cash in or cash out via your favorite Vietnamese exchange platform.<\/p>\n

In fact, we recently added support for USDC_Optimism<\/a> for transactions in either direction.<\/p>\n

You can currently still cash out your USDC_Tron via BitcoinVN<\/a> (no sign-up required!). However, we expect support to end over the coming months as well.<\/p>\n

\"Giant
Giant Tether has its sights set on the $100 billion market cap.<\/figcaption><\/figure>\n

In 2023, USDT still dominated our exchange volume and was used by an order of magnitude more than USDC.<\/p>\n

While USDC has a strong foothold in the North American and parts of European markets, Asia has long been dominated by Tether.<\/p>\n

However, Circle is committed to taking the fight to Asia with the establishment of their new Singapore HQ for Asian expansion.<\/p>\n

Will Circle be able to meaningfully challenge the primacy of Tether in the big game for global stablecoin supremacy?<\/p>\n

One thing is for certain:<\/p>\n

Our team will regularly report on the market situation for stablecoins in Asia, including public and private data and insights from our exchange platform<\/a> and OTC trade desk<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Circle is phasing out USDC support on Tron, while BitcoinVN users can still use other USDC networks and monitor Asia\u2019s evolving stablecoin market shifts.<\/p>\n","protected":false},"author":13,"featured_media":11268,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9194],"tags":[],"class_list":["post-11262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bai-seo"],"yoast_head":"\nCircle: USDC on Tron will get phased out - BV Insights<\/title>\n<meta name=\"description\" content=\"In a surprising announcement, Circle revealed this week its decision to begin phasing out USDC support on the Tron Blockchain immediately....\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bitcoinvn.io\/insights\/circle-usdc-on-tron-will-get-phased-out\/\" 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