USDC Issuer Circle increases support for Solana
In the first half of 2023, Circle intends to launch both the Euro Coin (EUROC) and the Cross-Chain Transfer Protocol on the Solana blockchain.
Circle, the company that created USDC will strengthen its support for the Solana blockchain in the first half of 2023 by launching the Euro Coin (EUROC) project and providing access to its Cross-chain Transfer Protocol.
A crucial piece of support for Solana was reportedly provided by Circle, a multinational digital financial corporation that is also an issuer of USDC, as stated in a tweet sent on November 6. During the event known as the Solana Breakpoint, Circle made an announcement on the growth of the Euro Coin and its new permissionless cross-chain infrastructure (Cross-Chain Transfer Protocol) on the Solana blockchain in the first half of 2023.
In June, Circle was the first company to provide the fully-reserved and euro-pegged stablecoin known as Euro Coin (EUROC). The stablecoin that operates in a manner that is similar to USDC is now being conducted on the Ethereum blockchain, and now Solana (SOL) would be included in the same category.