Crypto Custody Firm Qredo Integrates Circle’s USDC Stablecoin

CN
coindesk
Follow
3 years ago

169450972759387.jpg


Cryptocurrency safekeeping firm Qredo has combined Circle’s popular USDC stablecoin with its non-custodial wallet offering.


The stablecoin integration also removes the headache of meeting gas fees by allowing USDC to be the ultimate gas fee token on any blockchain, Qredo said on Tuesday.


Seamless connection to USDC, the second largest of the USD-pegged stablecoins, is lifeblood to decentralized applications and protocols, and making gas fees on chains like Ethereum more intuitive is a problem Visa (V) recently tackled.


Qredo’s newly-released toolkit comprises a number of elements, including Circle’s “cross-chain transfer protocol” for minting, redeeming, and transacting with USDC across multiple networks. This is combined with software from Etherspot, a specialist in making web3 transactions frictionless, and Qredo’s open source payment rails, dubbed QSign.


This close integration with Circle’s USDC APIs allows institutions to bring millions of dollars in a single swipe into crypto and into USDC, and have those assets reside in their Qredo non-custodial wallet,” said Ben Whitby, Qredo’s head of strategic partnerships in an interview with CoinDesk. “It’s literally from fiat to non-custodial in one step.”


A “gasless” transaction experience not only helps users engage with blockchains, it also provides certainty and predictability when it comes gas costs, Whitby said. “This is really a dream come true for CFOs. Now they can use USDC as the ultimate gas token on any chain.”


免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到[email protected],本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink