Circle, issuer of USD Coin (USDC), announced that it has donated 1 million USDC to the inaugural program fund of United States President-elect Donald Trump. This donation demonstrates the growing acceptance of crypto assets in real-world use.
Crypto and Politics
Circle CEO Jeremy Allaire noted that USDC is increasingly being adopted in widespread and large transactions. He noted that the donation aligns with Circle’s mission to foster financial innovation.
This donation from Circle follows partnerships with Binance. The collaboration with Binance aims to increase the use of USDC and strengthen the stablecoin’s role in global financial systems.
Trump Committee and Adoption of Stablecoins
The Trump Committee’s adoption of USDC shows that the use of digital dollars in political financing is a growing trend. This donation is a big part of the committee’s total fundraising of $170 million.
“We are building a strong company supporting cryptocurrencies in the US, and the Committee’s acceptance of USDC as a payment method shows how far we have come and the potential of stablecoins,” Circle CEO Jeremy Allaire said in a statement.
While this donation highlights the usability of USDC for large-scale financial transactions, Trump’s campaign committee’s use of USDC shows that digital assets could be a pioneer in political financing.
Google also confirmed that it donated $1 million to Trump’s inauguration fund. Karan Bhatia, Google’s head of global government relations, confirmed the donation and announced that it would be broadcast live on YouTube. Other technology giants such as Meta, OpenAI, Amazon and Apple also reportedly contributed to the committee.
Trump administration plans to launch a US Bitcoin in 2025 
$93,505.3 The issue of whether it will create a reserve has become more prominent with the upcoming opening program. Crypto industry leaders are encouraging the new administration to establish a federally backed Bitcoin reserve to strengthen the country’s financial infrastructure.
- Circle donated 1 Million USDC to Donald Trump.
- This donation increases the acceptance of digital assets.
- Google and other technology companies also provided support.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
