Circle has made the immediate decision to cease the minting of USDC on the Tron platform. Current USDC holders have the option to transfer their USDC to a different platform or exchange it for fiat currency. Circle has not revealed specific reasons for their departure from Tron, leading to speculation about potential regulatory pressures. Despite this, we continue to support initiatives to introduce USD-backed stablecoins on the Cardano platform. We appreciate and encourage the efforts of all community members working towards this objective. However, it’s important to remain cautious and understand the risks associated with USD-backed stablecoins.
This article was prepared by Cardanians with support from Cexplorer.
Read the article: https://cexplorer.io/article/let-s-be-careful-with-the-usdc