Circle Donates $1M in USDC to Donald Trump’s Inaugural Fund

With his inauguration closing in, Circle has donated $1 cardinal successful its USDC stablecoin to US President-elect Donald Trump’s inaugural fund. The CEO of the company, Jeremy Allaire, announced the donation successful a station to X (formerly Twitter) while noting the value of the committee’s willingness to judge a stablecoin donation.

Allaire and Circel are 1 of galore wrong the tech assemblage who person donated to the incoming president up of his January 20th inauguration. To date, the US President-elect has received much than $170 cardinal successful donations, according to an ABC report.

JUST IN: Circle donates $1,000,000 $USDC to President-elect Trump's inaugural fund.

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Circle is the Latest to Donate to the Record Inagural Fund for Donald Trump

2025 was ever acceptable to beryllium a historical twelvemonth for cryptocurrencies. However, the optimism of its impending show reached caller heights successful November of past year. Then, America elected what is the archetypal pro-crypto president successful history. Now, the manufacture is looking to proceed supporting the instrumentality of Donald Trump and what that could mean for the plus class.

One of the astir notable names successful the manufacture has officially added to that support. Indeed, Circle has donated $1 cardinal worthy of its USDC stablecoin to Trump’s inaugural fund. Jeremy Allaire took to X to denote the move. Moreover, helium discussed wherefore it was an important enactment for the institution to take.

Source: Fortune

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“We are excited to beryllium gathering a large American company,” Allaire said. “And the information that the Committee took outgo successful USDC is an indicator of however acold we person come, and the imaginable and powerfulness of integer dollars.”

The US President-elect has reported raising a grounds $170 cardinal successful donations. A bulk of those funds person travel from executives wrong tech. Indeed, the committee is projected to rise much than $200 cardinal erstwhile each is said and done. According to sources, the wealth volition beryllium utilized for the inauguration lawsuit itself. Moreover, thing near implicit volition beryllium utilized for Trump’s aboriginal statesmanlike library.