Circle CEO Jeremy Allaire has revealed that his company has donated $1 million in USDC stablecoins to the Donald Trump Inauguration Committee.
“We’re excited to be building a great American company, and the fact that the Committee has accepted payment in USDC shows how far we’ve come and demonstrates the potential and power of digital dollars,” Allaire said.
The crypto industry’s willingness to contribute to Trump’s campaign and now inauguration is due to his friendly stance on digital assets.
He even created a fundraising page that accepts donations in any cryptocurrency available on the Coinbase platform.