Thomas Daniels
Circle has significantly bolstered its Web3 Services by incorporating support for Solana, marking a pivotal expansion in the company’s ecosystem, according to a recent announcement.
Circle’s Web3 Services aim to empower enterprises and developers seeking to deploy on-chain applications. This integration involves launching Programmable Wallets and Gas Stations on the Solana blockchain, enhancing the platform’s capabilities for a variety of applications.
“With this initial launch of Circle’s Programmable Wallets supporting the Solana ecosystem, we’re excited to empower Solana developers to build innovative applications that are secure, scalable, fast, and cost-efficient,” Circle stated in its announcement.
Integration in Two Phases
Circle’s integration on Solana will unfold in two phases. Initially, the platform will support Programmable Wallets and Gas Station features. These tools, including APIs and SDKs, will facilitate the development and scaling of applications through seamless fungible token transfers and the ability to sponsor transaction fees for end users.
The second phase will introduce support for non-fungible tokens (NFTs) and interactions with Smart Contract Platforms. This phase aims to expand use cases, including NFT integration in gaming and brand loyalty programs.
Currently, Circle’s Programmable Wallets support Ethereum, Polygon PoS, and Avalanche, with Solana as the latest addition to its blockchain integrations.
Solana’s Network Growth
Circle’s expansion of its Web3 Services to Solana represents the latest step in strengthening the blockchain platform. The company already offers native integrations of USDC and EURC on Solana and activated its Cross-Chain Transfer Protocol (CCTP) on the network in March.
Solana continues to experience significant collaborations and developments within its ecosystem. Recently, Squads Labs introduced Solana’s first smart wallet, Fuse, via a public TestFlight for iOS. Furthermore, in late May, payments giant PayPal expanded the native availability of its stablecoin, PayPal USD (PYUSD), to Solana, aiming to enhance global commerce through improved transaction speed and reduced costs.
