Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Circle to Discontinue USDC Support on Flow Blockchain During Network Upgrade
ADOPTION NEWS

Circle to Discontinue USDC Support on Flow Blockchain During Network Upgrade

By Crypto FlexsAugust 5, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Circle to Discontinue USDC Support on Flow Blockchain During Network Upgrade
Share
Facebook Twitter LinkedIn Pinterest Email

Jessie A Ellis
05 Aug 2024 16:39

Circle has announced that USDC support will be discontinued on the Flow blockchain starting September 3, 2024 due to a network upgrade.





Circle has announced that it will be discontinuing support for USDC on the Flow (Cadence) blockchain starting September 3, 2024 due to an upcoming network upgrade. USDC minting on Flow will continue until noon ET on August 27, 2024, according to Circle.

Impact on USDC Holders

Circle has urged Circle Mint customers, retail USDC holders, and non-Circle customers holding USDC on Flow to migrate their tokens to another blockchain before a deadline of September 3. On that date, Circle will freeze all remaining USDC on Flow and take a snapshot of all balances. Manual redemptions based on this snapshot will begin on September 4, 2024.

Action required

Dear Circle Mint Customers: Circle will support transferring USDC from Flow to other blockchains until the deadline of September 3. After the deadline, users will need to engage in a manual redemption process through Circle.

Retail USDC holders and non-circle customers: Since Circle primarily serves corporate and institutional clients, retail holders and non-Circle clients are encouraged to visit the Flow website to check out swap options.

Dapper Wallet Users: Many USDC holders on Flow use Dapper. These users should visit Dapper’s newsroom for more information.

Procedure after the deadline

More information about the redemption process will be available on Circle’s Help Center starting September 4, 2024. Circle encourages all eligible Circle Mint customers, USDC holders, and non-Circle customers to refer to the official blog and Help Center to avoid potential scams.

future plan

Despite the disruption, Circle emphasizes its commitment to supporting the Flow ecosystem and its users. The company aims to expand the reach of USDC by providing the widest range of developer choices and a secure user experience.

For more information, please visit the official announcement on the Circle website.

Image source: Shutterstock


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Exchange Rollish is expanded to 20 by NY approved.

October 2, 2025

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025
Add A Comment

Comments are closed.

Recent Posts

XRP price falls 6% as market crash causes whales to flee

October 15, 2025

US government holds $36 billion in Bitcoin after largest confiscation in history

October 15, 2025

Decoding City Protocol’s IP Capital Market

October 14, 2025

Tria Raises $12M To Be The Leading Self-custodial Neobank And Payments Infrastructure For Humans And AI.

October 14, 2025

How to Use Google Gemini to Analyze Crypto Coins Before Investing

October 14, 2025

Class action lawsuit claims Microsoft choked AI supply to drive up ChatGPT costs

October 14, 2025

CME Group Launches CFTC Regulated Solana and XRP Options

October 13, 2025

Eightco Holdings Inc. ($ORBS) Makes Strategic Investment Into Mythical Games To Accelerate Human Verification And Digital Identity In Gaming

October 13, 2025

Jiuzi Holdings, Inc. (JZXN) Secures 100 Bitcoin Via Private Placement, Signaling New Phase In Crypto Treasury Deployment

October 13, 2025

Collaboration Across Bybit, DigiFT And UBS UMINT Expands Collateral Solution For Institutions

October 13, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 3.03 Million Tokens And Total Crypto And Cash Holdings Of $12.9 Billion

October 13, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

XRP price falls 6% as market crash causes whales to flee

October 15, 2025

US government holds $36 billion in Bitcoin after largest confiscation in history

October 15, 2025

Decoding City Protocol’s IP Capital Market

October 14, 2025
Most Popular

Cathie Wood criticizes Gary Gensler for disparaging cryptocurrencies.

January 11, 2024

Detained Binance executive sues Nigeria’s anti-graft agency for alleged violation of ‘fundamental rights’

March 31, 2024

Solana (SOL) prices have fallen 50% from the highest reasons for three reasons

February 26, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.