Circle Allocates $1 Million USDC for Trump’s Inauguration
Circle co-founder and CEO Jeremy Allaire announced that the company has decided to allocate $1 million in USDC stablecoins to support the inaugural committee of U.S. President-elect Donald Trump. This move marks a significant step, showcasing the growing role of digital currencies in the economy.
Allaire emphasized that the use of stablecoins for such purposes highlights the potential of digital assets and their ability to transform the financial system. He also added that digital dollars, such as USDC, make transactions faster, more transparent, and accessible, solidifying their role in the global economy.