Web3 Services: June 2024 Updates

In June, Circle Internet Financial announced several updates to enhance its Web3 Services, primarily focusing on Programmable Wallets and the Circle Credits Program. These updates include supporting the Solana blockchain and enabling developers to embed secure, multi-chain wallets in apps by simplifying technical complexities such as private key management and transaction fees. The initiative also features a Wallet Signing Service for secure MPC wallets across various blockchains, providing a seamless integration for developers. Additionally, the Circle Credits Program offers financial support to developers for Web3 Services expenses, such as monthly fees and API calls. Furthermore, Circle plans to deprecate the smart contract read API endpoint, replacing it with a more efficient contract query API by September 30. These developments aim to facilitate the creation and management of secure on-chain applications, ultimately contributing to Circle's broader mission of transforming financial transactions globally.

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