Circle has announced the expansion of its Web3 Services to include support for Solana, a move aimed at empowering businesses and developers seeking to launch on-chain applications. This development will see Circle introducing its Programmable Wallets and gas stations on the Solana network.
“We are thrilled to announce the launch of Circle’s Programmable Wallets supporting the Solana ecosystem, providing developers with the tools to create innovative applications that are secure, scalable, fast, and cost-effective,” Circle stated.
The integration will be carried out in two phases, with the first phase focusing on enabling support for Programmable Wallets and Gas Station. Developers will be able to utilize Circle’s APIs and SDKs to build and expand applications that facilitate fungible token transfers and cover end user transaction fees.
The subsequent phase of integration will bring support for non-fungible tokens (NFTs) and interactions with the Smart Contract Platform. Updates will also introduce new possibilities, such as NFT integration in gaming and for enhancing brand loyalty.
Circle’s Programmable Wallets currently support Ethereum, Polygon PoS, and Avalanche, with Solana being the latest addition to the list of integrated blockchains.
The expansion of Circle’s Web3 Services to Solana is part of a broader trend towards strengthening the blockchain platform through collaborations. Circle has already facilitated native USDC and EURC integration on Solana and implemented its Cross-Chain Transfer Protocol (CCTP) on the network earlier this year.
Solana has been actively growing its network through various partnerships and integrations. For instance, Squads Labs recently introduced Solana’s first smart wallet, Fuse, along with a public TestFlight for iOS users. Additionally, in May, PayPal expanded the availability of its stablecoin PayPal USD (PYUSD) to Solana, highlighting the benefits of faster transactions and lower costs for users worldwide.