Circle, the firm behind leading stablecoin USDC, has partnered with blockchain domain name provider Unstoppable Domains to introduce easily readable usernames for stablecoin payments.
Circle, which currently raised $440 million, is the principal operator of USD Coin (USDC), a digital stablecoin, linked to the U.S dollar.
The circle and Unstoppable Domains partnership will integrate support for .coin extensions into USDC’s over 30 wallet and exchange partners. The .coin extension can be thought similar to how PayPal and Venmo usernames made transferring US dollars easier.
Integrating with Unstoppable Domains .coins usernames replace “lengthy alphanumeric wallet address,” making it easier to transfer USDC across apps, wallets, and exchanges. Unstoppable Domains’. coin address extensions are aimed toward making the process of sending crypto simple.
Commenting, Josh Hawkins, senior VP of marketing Circle, said:
“USDC has grown dramatically in the last year, fueling commerce and payment activity across the internet. With Unstoppable Domains’. coin usernames, sending USDC becomes just an easy as sending an email. We believe this is a significant step forward in making USDC payment accessible for all.”
Unstoppable Domains supports more than 200 cryptocurrencies across more than 50 wallets and exchanges. The company has sold more than 1 million blockchain domain names.
Also Read: Crypto.com Enables Withdrawals of USDC for its Worldwide Users
Circle and Unstoppable Domains share a vision to bring ease-of-use to global payments, and we aim to make blockchain domain names the standard for digital currency transfers across all wallets and exchanges,” said Matthew Gould, founder and CEO of Unstoppable Domains. “Simple usernames combined with dollar-pegged stablecoins take the fear and risk out of spending crypto. We’re excited to work with Circle to make stablecoin transactions an everyday reality for millions, then billions of people.”
