Circle Makes a Bold Move with $1 Million USDC Donation to Trump’s Campaign – BitRss

Circle has announced a donation of 1 million USDC to the opening program fund for newly elected President Donald Trump. This contribution demonstrates the increasing acceptance of cryptocurrencies in real-world applications.

Crypto and Politics

Jeremy Allaire, CEO of Circle, noted that USDC is being adopted more widely for significant transactions. He emphasized that the donation aligns with Circle’s mission to promote financial innovation.

This donation follows partnerships with Binance, aiming to enhance USDC usage and strengthen the role of stablecoins in global financial systems.

Trump Committee and Acceptance of Stablecoins

The Trump Committee’s acceptance of USDC highlights the growing trend of using digital dollars in political financing. This donation forms a substantial part of the committee’s total fundraising of 170 million dollars.