Circle donated $1 million USDC stablecoin to President-elect Donald Trump's inaugural committee.
On January 9, Circle CEO Jeremy Allaire said the company is excited to help grow what he describes as a great American company.
Allaire further emphasized the importance of the Commission accepting payments in USDC, noting that it reflects the growing acceptance and potential of digital dollars.
he said:
“We are excited to build great American companies. The fact that the committee received payment in USDC is a testament to how far we have come and the potential and power of the digital dollar. .”
The donation marks the Circle's first notable political donation in the United States. The company is a major cryptocurrency player and the second largest stablecoin issuer by market capitalization.
Cryptocurrency supports Trump
The Circle's gift is among more than $200 million reportedly raised by corporate and individual donors by the founding committee. Notably, major companies in the crypto industry such as Ripple, Kraken, Ondo Finance, and Coinbase have also expressed support for the new president.
This wave of support is surprising given that Trump had received strong support from the industry during the campaign due to his pro-crypto stance and promise of regulatory reforms favorable to the digital asset ecosystem. isn't it.
Since his election victory, Trump has appointed several crypto advocates, including Elon Musk, Paul Atkins, Howard Lutnick, and others, and has taken concrete steps to support the digital asset sector. Ta.
One notable appointment is David Sachs, the country's first crypto and AI advisor. Sachs will oversee policies that strengthen collaboration between regulators and emerging industries.
Trump also worked with industry leaders, consulting with Crypto.com's Chris Marszalek and inviting Ripple executives Brad Garlinghouse and Stuart Alderroti to dinner.
Market participants said these actions underscore the administration's intention to establish a strong partnership between the government and the growing cryptocurrency ecosystem.
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