(Reuters) -Cryptocurrency exchange Binance said on Monday customers would no longer be able to deposit and withdraw the dollar-pegged stablecoin USDC using the Tron blockchain network. Stablecoins ...

The news sent Tron (TRX-USD) falling more than 6%, while Spell was down over 4%. Deposits for Tron (TRX-USD) and Spell on Binance.US will cease on April 17, while withdrawals will remain open.

The Binance US exchange said the TRX token linked to Justin Sun’s Tron crypto platform will be delisted from April 18, a move that spurred a decline in the digital asset.

On March 25, Binance announced its decision to cease support for Tron’s TRC-20-based USDC deposits and withdrawals from April 5.

The TRON token TRX=CCCL fell nearly 5% against the U.S. dollar after the announcement, which was posted on Twitter and the Binance.US website, while the much smaller Spell token fell more than 5% ...

Tron’s TRX token has been delisted on Binance.US. This comes weeks after the U.S. Securities and Exchange Commission sued Tron's Justin Sun over allegations of selling and airdropping ...

Binance, the world’s largest cryptocurrency exchange by volume, recently turned down an offer to acquire Tron blockchain founder Justin Sun’s ownership stake in rival exchange Huobi, according ...

What it means for crypto Binance, like its infamous former rival FTX, has been quick to point out that it grew its business rapidly in a chaotic, largely unregulated industry.

Cryptocurrency exchange Binance said on Monday it will end support for deposits and withdrawals via the Tron blockchain network for a digital stablecoin that is pegged to the U.S. dollar.