Circle has announced the expansion of its Web3 Services to include support for Solana, a move aimed at empowering businesses and developers in the blockchain space. By introducing Programmable Wallets and gas stations on the Solana network, Circle is providing the tools for developers to create secure, scalable, and cost-efficient applications. The integration with Solana will be rolled out in two phases, starting with support for Programmable Wallets and Gas Station, enabling fungible token transfers and covering end user transaction fees. The subsequent phase will introduce support for non-fungible tokens (NFTs) and interactions with Smart Contract Platforms, expanding the utility to areas like gaming and brand loyalty. Previously, Circle's Programmable Wallets supported Ethereum, Polygon PoS, and Avalanche, with Solana being the latest addition. The move to integrate with Solana is part of Circle's ongoing efforts to enhance the capabilities of the blockchain platform. Furthermore, Circle has integrated native USDC and EURC on Solana, along with implementing the Cross-Chain Transfer Protocol (CCTP) in March. Solana's network growth has been fueled by collaborations and partnerships, including the recent announcement of Solana's first smart wallet Fuse by Squads Labs. Additionally, PayPal's expansion of its stablecoin PayPal USD (PYUSD) to Solana signifies a significant stride in enhancing global commerce by leveraging Solana's transaction speed and cost advantages.
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