Country for PR: United States
Contributor: PR Newswire New York
Thursday, July 01 2021 - 20:00
AsiaNet
Circle Launches Support for USDC on TRON, Expanding Its Foothold Across Asia
BOSTON, July 1, 2021 /PRNewswire-AsiaNet/--

  -- Circle's support for USDC on TRON will give millions of end users across 
     Asia a new way to use the world's fastest-growing dollar digital currency, 
     and is part of Circle's broader commitment to supporting USDC on multiple 
     blockchains

Circle, a global financial technology firm that provides payments and financial 
infrastructure for internet businesses, today announced support for USD Coin 
(USDC) on TRON, one of the largest and most used blockchain networks in the 
world.

Logo - https://mma.prnewswire.com/media/1220689/Circle_Logo.jpg

TRON is home to a broad ecosystem for digital assets in Asia and around the 
world. The TRON community will benefit from being able to use the world's 
fastest-growing, regulated dollar digital currency, USDC. USDC for TRON is now 
available to use within Circle Account, Circle's global business account for 
digital currency.  Circle customers can convert, mint and redeem USDC on TRON, 
and use TRON for payment and settlement transactions.  All of Circle's broad 
suite of developer APIs have also been updated to support USDC for TRON.

"TRON has built a very large and highly successful blockchain platform and 
network, and is one of the most widely used in stablecoin transactions," said 
Jeremy Allaire, CEO and Co-founder of Circle.  "We're excited to bring the 
benefits of a trusted dollar digital currency such as USDC to this growing 
ecosystem of users and developers."

TRON is a next-generation blockchain with extremely fast transaction speeds, 
low fees, and a scalable infrastructure. The TRON ecosystem is already 
significant, with more than 2 billion transactions and hundreds of thousands of 
smart contracts built on top of it.

"I'm thrilled to have support for USDC on TRON because there's unending demand 
for the world's fastest-growing stablecoin and I cannot wait to see what end 
users are able to do with USDC," said TRON Founder Justin Sun.

Circle now supports USDC across five blockchains: Ethereum, Algorand, Solana, 
Stellar, and TRON. Supporting USDC on multiple blockchains reinforces Circle's 
commitment to growing the internet economy and creates network effects that 
will establish USDC as the standard means of value transfer across the internet.

Separately, Centre Consortium, the governance organization behind USDC, also 
announced ( 
https://c212.net/c/link/?t=0&l=en&o=3215356-1&h=348744499&u=https%3A%2F%2Fwww.centre.io%2Fblog%2Fannouncing-usdc-on-ten-new-blockchain-platforms&a=announced 
) that it will officially support USDC on a wide range of new blockchains.

About Circle (for press releases)

Circle is a global financial technology firm that enables businesses of all 
sizes to harness the power of stablecoins and public blockchains for payments, 
commerce and financial applications worldwide. Thousands of businesses globally 
depend on the Circle Account and API services to process payments, earn yield, 
automate treasury workflow, and more. Soon, with Circle's DeFi API, businesses 
will be able to easily and confidently access new lending markets powered by 
decentralized finance. Circle is also a principal developer of USD Coin (USDC), 
which together with Coinbase and the Centre Consortium oversees the standards 
and protocol for what has become the fastest growing, regulated, fully reserved 
dollar digital currency. USDC now stands at more than 25 billion and has 
supported over $700 billion in transactions over the past year. Together, 
Circle's transactional services, business accounts, and platform APIs are 
giving rise to a new generation of financial services and commerce applications 
that hold the promise of raising global economic prosperity for all through 
programmable internet commerce. Learn more at https://circle.com ( 
https://c212.net/c/link/?t=0&l=en&o=3215356-1&h=2140348834&u=https%3A%2F%2Fcircle.com%2F&a=https%3A%2F%2Fcircle.com 
)

Source: Circle Internet Financial, Inc.

CONTACT: Josh Hawkins, josh@circle.com