Circle: Support for USDC on Flow (Cadence) will be discontinued due to network upgrade

2024/08/06 00:21

Odaily News According to official news, due to the upcoming network upgrade, Circle plans to stop supporting USDC on the Flow (Cadence) blockchain at 3 am (EST) on September 3, 2024. USDC minting on Flow will continue until noon (EST) on August 27. On September 3, Circle will freeze the remaining USDC on Flow, take a snapshot of all USDC balances on Flow, and manually process any remaining redemption requests based on the snapshot. The manual redemption process will begin on September 4, 2024. To be eligible, USDC holders on Flow must: meet Circles compliance and security requirements; store USDC in a wallet controlled by the holder; and, their wallet address must be included in the snapshot of USDC on Flow.

原文链接
Latest news
18:50
Analysis: US GDP contraction and slowing inflation may push the Fed to cut interest rates, Bitcoin is expected to benefit
18:36
StakeStone (STO) will be listed on Binance trading at 00:00 on May 3
18:34
REVOX: Hint of an airdrop to encourage community members to add REX liquidity
18:30
Binance HODLer Airdrop Launches StakeStone (STO)
18:23
Block CEO: Bitcoin chips will be produced in the U.S. to cope with trade shocks
Recommended Reading