Company
Date Published
Author
Joao Reginatto
Word count
598
Language
English
Hacker News points
None

Summary

Circle Internet Financial has expanded its support for USDC on the Solana blockchain across all its products, including the Circle Account and APIs, marking a significant milestone in its multi-blockchain strategy. Solana, known for its high scalability, speed, and low transaction costs, can handle up to 50,000 transactions per second and supports a growing DeFi ecosystem. Circle's integration with Solana enables customers worldwide to mint, redeem, and manage USDC, providing developers with API services to facilitate treasury, commerce, and payments applications. The support includes seamless USDC conversions across blockchains without fees, utilizing a swapping mechanism that acts as a bridge between supported USDC chains. This development underscores Circle's commitment to enhancing speed, scale, and cost efficiency, addressing expanding financial and consumer use cases for stablecoins.