In a latest development, Circle CEO took to X to announce Circle’s contribution of 1M USDC to President Trump’s Inaugural Committee. 

“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.

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