Circle donated $1 million to President-elect Donald Trump's inauguration committee.

Circle CEO Jeremy Allaire Announce Contribute on social media, emphasizing that the Commission's acceptance of USDC highlights the growing adoption of cryptocurrencies in mainstream finance.

“The fact that the committee received payment in US dollars is an indication of how far we have come,” Allaire posted, “and the potential and power of digital dollars.”

USD (US dollars) is a type of cryptocurrency known as a stablecoin. Unlike other cryptocurrencies, stablecoins are linked to traditional currencies such as the US dollar, with the aim of maintaining a fixed value.

Circle's donation is part of a broader trend by cryptocurrency companies to support Next opening. Exchanges like Coinbase and Kraken Everyone has contributed million, while blockchain company Ripple pledged $5 million in XRP (XRP), another digital asset.

Last year during the Trump campaign, billionaire Winklevoss twins They all donated million dollars in bitcoin (Bitcoin) for Trump.

Donald Trump and cryptocurrencies

Trump General enthusiasm This is evident for Bitcoin in his recent statements, and his administration is expected to capitalize on this momentum to attract investment and encourage the adoption of digital assets as part of a broader economic strategy.

Trump He also spoke In a video address to the Blockchain Association last month, he reiterated his message Management commitment To support blockchain innovation while addressing national security concerns.

During his 2024 election campaign, Trump publicly expressed his support for cryptocurrencies, marking a significant shift from his mixed views in the past. He even Provided a fundraising page Which accepts donations in any cryptocurrency available on the Coinbase platform.