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In a latest development, Circle CEO took to X to announce Circle’s contribution of 1M $USDC to President Trump’s Inaugural Committee.
@circle has contributed 1M $USDC to President Trump's Inaugural Committee. We are excited to be building
— Jeremy Allaire – jda.eth / jdallaire.sol (@jerallaire) January 9, 2025
a great American company, and the fact that the Committee took payment in $USDC is an indicator of how far we have come, and the potential and power of digital dollars.
“We are excited to be building a great American company, and the fact that the Committee took payment in $USDC is an indicator of how far we have come, and the potential and power of digital dollars,” he remarked.
Circle’s donation is part of a larger trend of cryptocurrency companies backing the upcoming inauguration. Coinbase and Kraken have both contributed $1 million, while Ripple has committed $5 million in XRP.