Circle donates $1 million in USDC to Trump inauguration

• Circle donates $1 million in USDC to Trump.
• Stablecoin sector has US$203 billion in capitalization.
• 300 pro-crypto lawmakers serve in the US Congress.

Circle, one of the largest stablecoin issuers on the market, has donated $1 million in USDC to President-elect Donald Trump’s Inaugural Committee. The information was confirmed by the company’s CEO, Jeremy Allaire, who highlighted the symbolism of this donation for the growth of digital currencies.

@circle has contributed 1M USDC to President Trump's Inaugural Committee. We are excited to be building
a great American company, and the fact that the Committee took payment in USDC is an indicator of how far we have come, and the potential and power of digital dollars.

— Jeremy Allaire – jda.eth / jdallaire.sol (@jerallaire) January 9, 2025

“Allaire stated, ‘We are excited to build a great American company, and the fact that the Committee accepted payment in USDC shows how far we have come and the potential of digital currencies.’”

The Trump Inaugural Committee, which is responsible for the president’s inauguration on January 20, 2025, has a goal of raising $150 million. Tech companies and crypto giants have contributed significantly to this goal, notably Ripple, Coinbase and Kraken. Ripple, for example, donated $5 million in XRP to support the events.

According to industry data, the stablecoin market, including USDC and USDT, currently has a market cap of close to $203 billion. These coins, which play a key role in the liquidity of crypto markets, have attracted attention from investors and regulators due to their impact on the global financial system.

In addition, big names in technology, such as Jeff Bezos (Amazon), Mark Zuckerberg (Meta) and Sam Altman (OpenAI), also joined the effort, donating US$ 1 million each. Companies such as Robinhood and Uber increased their contributions with amounts exceeding US$ 2 million.

This rapprochement between the cryptocurrency industry and the Trump administration signals a potentially more favorable regulatory environment for digital assets. The new administration is expected to push through reforms that encourage the use of stablecoins and create a clearer regulatory framework.

With 300 pro-crypto lawmakers in Congress, there is growing expectation that the sector will reach greater maturity, especially with the passage of specific legislation such as the Lummis-Gillibrand Payment Stablecoin Act.

The strategy of active participation of crypto companies in the political scenario reflects the desire to promote regulations that promote innovation, while strengthening the global adoption of these technologies.