USDC Issuer Circle has launched a smart contract platform and gas station, a major push to streamline Web3 services.
The stablecoin firm, in its blog post on October 19, revealed that the new product releases are systematic to the broader decentralized finance (DeFi) landscape.
The smart contract platform will unlock business value with several blockchains by allowing developers to easily embed contract interactions in their decentralized applications (dApps).
The platform is also designed to support its deployment and management on Ethereum, Avalanche, and Polygon through application programming interfaces (APIs)
On the other hand, the gas station eliminates the need for developers to manage transaction fees (gas) when merged with Circle’s programmable wallet. It will also provide a seamless experience for developers and users.
Expansion of Circle’s Web3 Services Receives More Boost
Circle’s latest launch of two essential beta tools for developers is geared toward driving blockchain technology mainstream to increase its adoptions by developers and diverse sectors.
On August 8, Circle officially launched versatile and flexible programmable wallets deployed to its Web3 Services product line.
The wallets offer developers an enterprise-grade platform to embed secure Web3 wallets with a simple user interface instantly.
Circle stated that programmable wallets are a powerful innovation that eliminates complexities and bridges the gap between today’s internet and blockchain networks.
These range from private key security and transaction management to blockchain node operations and interoperability across blockchains, enabling developers to operate apps faster.
Meanwhile, Circle has partnered with major industry players in the industry to foster its blockchain objectives.
The platform announced its recent partnership with OKX, a leading Web3 technology company, on September 7 to launch cutting-edge USDC features on the OKX Wallet and OKX DEX aggregator.
The partnerships allow firms to process gas-free USDC transactions without network fees and easy integration of OKX DEX aggregator with Circles Cross-Chain Transfer Protocol (CCTP).
The OKX DEX aggregator and Cricle’s CCTP collaboration will enable USDC to move natively between blockchains and offer a more optimized experience for users trading USDC pairs.
The integration also marks a pivotal step towards cross-chain USDC utility across the Ethereum, OP Mainnet, and Arbitrum ecosystems.
Dante Disparte, the Chief Strategy Officer and Head of Global Policy in Circle stated that the platform is delighted to improve access to DeFi with CCTP and innovative gas elimination features deployed on USDC.