March 25 (Reuters) - 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.

Last month, Boston-based crypto firm Circle said it would no

longer mint USDC tokens on Tron, a fast-growing platform widely

used for transferring stablecoins.

Stablecoins are digital tokens that are designed to keep a

constant value and are backed by traditional currencies.

Users can continue trading USDC on Binance, while deposits

and withdrawals of USDC via other supported networks will not be

impacted, Binance said in a blog post.

Tron did not immediately respond to a Reuters request for

comment.

The cryptocurrency exchange said it will end support for the

stablecoin via the Tron blockchain starting April 5 at 2 UTC.

Tron founder Justin Sun, a prominent crypto entrepreneur,

was sued last year by the U.S. Securities and Exchange

Commission for allegedly artificially inflating trading volumes

and selling Tron tokens as an unregistered security. Sun said

the SEC charges "lack merit".