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Binance Ceases USDC TRC20 Deposits Following Circle’s Decision

Binance, one of the leading cryptocurrency exchanges, has stopped allowing USDC (USD Coin) deposits and withdrawals over Tron’s TRC20 protocol. This is a significant cryptocurrency shift. This decision follows Circle’s decision to discontinue support for USDC on the Tron network. Tokens cannot be added to Binance accounts utilizing TRC20 after 2:00 a.m. UTC on April 5, 2024.

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New York Community Bank to Serve as Custodian for USDC Stablecoin Reserves, Circle Announces Partnership

Circle, the issuer of the USD coin (USDC) stablecoin, has announced a strategic partnership with New York Community Bank (NYCB), a community bank with branches across several states. The collaboration aims to leverage NYCB’s custodial services and work on developing low-cost financial solutions for underserved communities.

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