Welcome back to The Breakdown with me, NLW.

It's a daily podcast on Macro, Bitcoin, and the Big Picture Power Shifts remaking our world.

What's going on, guys? It is Wednesday, February 22nd, and today we have some stablecoin talk.

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breakdown pod. Hey, hello, friends, bunch of things happening today, but we are, like I said, going to start

in the world of stable coins.

Big news there is that Circle is discontinuing support for USDC on Tron effective immediately.

Minting USDC on Tron has already been halted.

Circle will support the transfer of USDC to other blockchains

until February of next year. Retail customers without a direct relationship with Circle have been

advised to transfer their stable coins onto another blockchain using a centralized exchange.

In a press release, Circle explained the decision by stating that, quote,

Our decision to discontinue support for USDC on Tron is the result of an enterprise-wide

approach that involved the business organization, compliance, and other functions across our company.

This action aligns with our efforts to ensure that USDA remains trusted, transparent, and safe,

characteristics that make it the leading regulated digital dollar on the internet.

The move come several months after Circle first received criticism for supporting Tron. In an open letter written in October, the campaign for the internet. The move come several months after Circle first received criticism

for supporting Tron. In an open letter written in October, the campaign for accountability,

said that USDC on Tron was problematic because the network, quote, has been named in

multiple law enforcement actions involving billions of dollars in transactions by alleged

...