Circle releases USDCKit SDK for USDC payment integration
Circle has unveiled USDCKIT, a new tool designed to facilitate the integration of USDC payments for companies.
According to a March 27 announcement On the official circle blog, the demand for Stablecoins has increased despite the volatility of the market. The Stablecoins have found a solid product market in the web3 and traditional finance sectors. However, many companies find it difficult to set up stable transactions due to technical obstacles and compliance.
USDCKIT will help delete these obstacles by providing large -scale payment processing, automated fund transfers and integrated regulatory tools. Any company that manages large amounts of USD parts (USDC) Transactions could benefit from it, even if payment service providers and discount platforms will likely be the first users.
USDCKIT will also facilitate the smooth transfer of the USDC between networks by supporting several blockchains, such as Ethereum (Ethn), Solana (GROUND), and avalanche (Avax).
In another development on March 27, the company in partnership With Intercontinental Exchange, which owns the New York Stock Exchange, to explore USDC and USYC integration, a tokenized monetary market fund, in traditional financial markets.
Meanwhile, Circle has widened the scope of the USDC in key regions around the world. After the regulator approval, SBI VC Trade, a subsidiary of Japanese Holding SBIs, started USDC on a large scale trade In Japan on March 26.
The largest Digital Portfolio Supplier in the Philippines, GCASH, also joined the USDC to support its huge Stablecoin fund transfer market, worth $ 65 billion per year. In addition, the USDC and the EURC supported by Euro Circle are now the first stablecoins to be approved For use in the Dubai free economic area
With $ 2.67 billion in new USDCs issued last month, its market value is now at nearly $ 60 billion, according to DEFILMA data. Attachment (USDT) still leads the Stablescoin market with a market share of 61.93%, but Circle advances with strategic partnerships, regulatory approvals and tools like USDCKIT to stimulate a broader adoption.
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