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Circle Account and API Services Now Support USDC on the Solana Blockchain

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Circle Account and API Services Now Support USDC on the Solana Blockchain 2021. 1. 26. Circle Account and API Services now support USDC on the Solana blockchain Circle blog / USDC / Circle Account and API Services now support USDC on the Solana blockchain USDC MULTICHAIN PAYOUTS DIGITAL DOLLAR ACCOUNTS PAYMENTS MARKETPLACES Circle Account and API Services now support USDC on the Solana blockchain Joao Reginatto January 25, 2021 Last year, Circle announced a partnership to bring USDC to the Solana blockchain. Today, that promise is fully realized, with comprehensive support for Solana USDC available across all Circle products. Solana is a leading next-generation public blockchain with breakthrough scalability, speed, and cost efficiency. Solana supports up to 50,000 transactions per second (tps), with block production and settlement finality in 400 milliseconds, and extremely low transaction fees averaging $0.00001 per transaction. Solana USDC is already supported across leading crypto exchanges such as FTX, DeFi ecosystems such as Serum and Oxygen Protocol, and several native wallets including Solong, Bonfida, and Binance’s highly popular Trust Wallet. In a short period of time, Solana has gained traction with DeFi developers, supporting the launch of the breakthrough Serum Ecosystem, Audius, and soon supporting 100M+ active user consumer products such as Maps. The Solana network has several powerful tools, including Wormhole, a secure, decentralized bridge connecting Ethereum to Solana. Circle is excited to support Solana and its developer ecosystem across our full suite of payments and treasury infrastructure built around USDC. With the Circle Account, customers around the world can connect bank accounts and mint, redeem, store, send and receive Solana USDC. Companies, projects and developers building with Solana can also leverage Circle’s powerful suite of API Services to build treasury, commerce and payments applications leveraging the Solana blockchain and USDC. Circle API Services enable companies to collect payments from cards, wires and ACH bank transfers that settle in USDC, manage account infrastructure and securely custody USDC for customers, and automate on-chain transactions. These powerful services are now available to all Solana developers. Developers can get started instantly in Circle’s fully functional developer sandbox. Exchanges, wallets and custodians who wish to natively support Solana USDC can do so via a single integration with Circle APIs at no cost through our Multichain Authorized Distributors program. This is part of Circle’s broader multichain initiative, enabling greater interoperability and liquidity across blockchains and delivering on Circle’s mission of creating equitable access to the financial system. This provides ecosystem partners with a swap facility for USDC across supported blockchains, allowing for interoperability and more seamless customer flows. https://www.circle.com/blog/circle-account-and-api-services-now-support-usdc-on-the-solana-blockchain 1/4 2021. 1. 26. Circle Account and API Services now support USDC on the Solana blockchain FAQ How can I access Solana USDC? + Support for Solana USDC is available across all Circle products including the Circle Account and APIs. Customers can convert into Solana USDC with a transfer from a bank account, send Solana USDC, receive USDC from Solana addresses, as well as convert Solana USDC back to a bank account. + Support is available across Payments, Payouts, Digital Dollar Accounts and Marketplaces API products, with equivalent features to other supported blockchains (Ethereum and Algorand). Does it cost money to convert between tokens? + No. There is no cost to convert across blockchains. Circle uses a free “swapping mechanism” that acts as a bridge across supported USDC chains, allowing Circle customers to exchange USDC on one supported blockchain for USDC on another supported blockchain by sending to and from Circle addresses.* Why is this an important milestone? + Support for Solana across the Circle APIs is a critical step forward in our effort to bring USDC across multiple blockchains. Expansion on Solana brings developers innovations in speed, scale and cost efficiency that address the rapidly expanding financial and consumer use cases for stablecoins. *After Customer generates one deposit address for converting across blockchains, Circle will charge a fee of $100 for each additional deposit address. Newer Older SUBSCRIBE FOR UPDATES https://www.circle.com/blog/circle-account-and-api-services-now-support-usdc-on-the-solana-blockchain 2/4 2021. 1. 26. Circle Account and API Services now support USDC on the Solana blockchain Email* I agree to receive marketing and other communications from Circle about the Circle Products and other company updates. You can unsubscribe from these communications at any time. For more information on how to unsubscribe, our privacy practices, and how we are committed to protecting and respecting your privacy, please review our Privacy Policy. SUBSCRIBE LIVE VIDEO SERIES The Money Movement Hosted by Circle co-founder and CEO, Jeremy Allaire, The Money Movement explores the issues and ideas driving this brave new world of digital money. Watch or listen Email* SUBSCRIBE Subscribe to our blog I agree to receive marketing and other communications from Circle about the Circle Products and other company updates. You can unsubscribe from these communications at any time. For more Get Circle updates right in your inbox. information on how to unsubscribe, our privacy practices, and how we are committed to protecting and respecting your privacy, please review our Privacy Policy. PRODUCTS USDC NEW! USE CASES INSIGHTS Circle Account USDC Fraud management Accept and make payments Circle Blog Payments Multichain High yield digital dollar globally The Money Movement Payouts accounts Send mass payouts globally Banks & Fintechs Digital Dollar Accounts Add digital dollar accounts Trading Firms Marketplaces On-and-off ramps in your DeFi & CeFi crypto product Pricing Gaming Digital Securities Commerce & Marketplaces Crypto Startups Treasury Management PROGRAMS DEVELOPERS COMPANY SUPPORT USDC Institutional Trading Get started with an API key We’re hiring! Support Multichain Authorized Learn about Circle APIs Contact us Circle status Distributors Read API documentation Legal & Privacy USDC support Partner Wallet Network Circle Pay sign in Circle Invest support Poloniex US sign in Circle Pay support Poloniex US Support Digital assets are subject to a number of risks, including price volatility. Transacting in digital assets could result in significant losses and may not be suitable for some consumers. Digital asset markets and exchanges are not regulated with the same controls or customer protections available with other forms of financial products and are subject to an evolving regulatory environment. Digital assets do not typically have legal tender status and are not covered by deposit protection insurance. The past performance of a digital asset is not a guide to future performance, nor is it a reliable indicator of future results or performance. Additional disclosures can be found on the Legal and Privacy page. © 2021 Circle Internet Financial Limited https://www.circle.com/blog/circle-account-and-api-services-now-support-usdc-on-the-solana-blockchain 3/4 2021. 1. 26. Circle Account and API Services now support USDC on the Solana blockchain https://www.circle.com/blog/circle-account-and-api-services-now-support-usdc-on-the-solana-blockchain 4/4.
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