Company
Date Published
Author
Team Circle
Word count
696
Language
English
Hacker News points
None

Summary

Circle Internet Financial has announced the mainnet availability of USDC for Solana, marking an expansion of its support across Solana's platform services and APIs later in the year. This integration is part of a broader strategy to leverage Solana's high-speed and cost-efficient blockchain capabilities, which support up to 50,000 transactions per second with 400-millisecond finality and minimal transaction costs. The announcement comes amid growing adoption of stablecoins and decentralized finance (DeFi), with USDC's circulation nearing 3 billion and DeFi protocols expanding significantly. Circle's collaboration with Solana aims to enhance the DeFi ecosystem by providing a trusted stablecoin and enabling consumer-scale transactions on-chain, which could transform segments of the financial system, including capital markets and global payments. This partnership will also integrate USDC for Solana into Circle's suite of services and a new Multichain USDC API, allowing for instant cross-chain swaps and improved user experiences. The initiative aligns with Centre and Circle's mission to extend USDC support across multiple blockchains, building on existing support for Ethereum and Algorand, and planned support for Stellar. Additionally, as part of the launch, Circle CEO Jeremy Allaire and Solana Co-Founder Anatoly Yakovenko will discuss the implications of these developments in a special edition of the Money Movement video series.