Circle’s X (formerly called Twitter) post stated, “With a thriving $USDC ecosystem and a vibrant developer community, we’re excited to work with businesses and developers to build and launch innovative apps on Solana!”
Stablecoin issuer Circle announced its plans to bring Web3 services to the Solana (SOL) ecosystem.
According to Circle, this will allow developers to create and deploy applications on the Solana blockchain. Circle intends to leverage APIs and SDKs to simplify the integration of USD Coin (USDC) into the Solana network. Besides allowing developers to embed crypto wallets into their apps, Circle’s Web3 integration on Solana will simplify the customer onboarding procedure and provide better provisions for managing blockchain transactions.
Currently, Circle’s Web3 services for Solana are in the Early Access stage. Developers who wish to utilize these facilities will need to sign up on Circle’s website before they can start building on Solana.
The announcement came just as Solana reported a surge in stablecoin-related transactions on its network. Solana noted that over $3B worth of stablecoins have been issued on the blockchain, adding that USDC alone accounts for $2B of this sum.
