Circle, the team behind the second-largest stablecoin by market cap, is making waves in the crypto world with their latest announcement. Developers at USDC issuer Circle have revealed that they are working on a new crypto wallet platform that supports email and social media-based logins.
This new product will allow users to authorize crypto transactions via email, social log-ins, or PIN codes, making it easier for users to securely authenticate transactions. Social logins will enable users to log in to third-party websites using their existing social media account data, such as Facebook.
According to Circle chief executive Jeremy Allaire, this new product is a significant step towards bridging the gap between Web2 and Web3. Allaire stated, “Another milestone in building safe and easy to adopt Web3 wallets. Circle’s Programmable Wallets now support onboarding and authentication using Social Logins and Email OTP. A big step in making Web3 accessible to Web2 users.”
USDC is currently the most sought-after stablecoin among regulated dollar-pegged crypto assets, according to market intelligence firm Kaiko. However, Kaiko also noted that unregulated stablecoins still dominate the market, but this may change with the European Union’s Markets in Crypto-assets (MiCA) regulation.
The new wallet platform from Circle is set to revolutionize the way users interact with crypto assets, providing a seamless and secure way to manage transactions. With the support of email and social-based logins, users can expect a more user-friendly experience when using their programmable wallets.
Stay tuned for more updates on this exciting development in the world of cryptocurrency. Subscribe to The Daily Hodl for the latest news and updates in the crypto space.
