DeFi & L1L2 Weekly: ⭕️ Circle to End USDC Support on TRON
DeFi & L1L2 Weekly: ⭕️ Circle to End USDC Support on TRONCircle to end USDC support on the TRON blockchain. Solana integrates Filecoin to boost decentralised data storage. Uniswap v4 targets a Q3 launch date following Ethereum’s Dencun upgrade.Weekly DeFi IndexThis week's market cap, volume, and volatility indices were positive at +2.60%, +9.74%, and +77.68%, respectively. Chart of the WeekUSDC stablecoin issuer Circle announced it has decided to stop supporting USDC on the TRON blockchain, effective immediately. In its blog post, it stated that its decision to stop minting USDC on TRON stems from a comprehensive “risk management” framework that evaluates the suitability of all blockchains where USDC is supported. As it stands, the total stablecoin market on the TRON blockchain is valued at US$51 billion. The Layer-1 blockchain saw its USDC supply drop from a high of 1.41 billion in January 2023 to 314 million today.
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