USDC Issuer Launches Circle Credits Program To Combat AWS Dominance

Godfrey Benjamin
June 18, 2024
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Highlights

  • The Circle Credits Program has gone live to aid Web3.0 developers
  • This program is Circle's way of supporting DApp growth
  • The firm is going beyond its regular stablecoin provisions to boost market evolution

USDC stablecoin issuer Circle has announced the launch of Circle Credits, an investment program designed for developers.

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Circle Credit Program to Boost Web3.0 Developers 

Jeremy Allaire, the co-founder and CEO of Circle took to X to share the news of its latest addition.

In his post, Allaire likened the purpose of the program to AWS Credits. According to the crypto innovator, the Circle Credits program is “doing for Web3 dev what AWS Credits did for startups and builders in Web2.” He lauds the new solution as being fast, easy, and seamless, particularly for the transition of a newly built project from testnet to mainnet.

Circle sees this Credits program as a way of supporting Web3.0 developers globally. With the new solution, the stablecoin issuer believes that these developers would not have to worry about cost. Rather they should be confident and direct their focus towards coming up with the best on-chain applications.

Circle Credits program offers developers credit facilities that could be used to offset bills rising from the purchase of Web3.0 services. Such services could be programmable wallets monthly fees, smart contract platform API calls, gas station network and platform fees.

Web3.0 builders are allowed to test run the service through the Free Tier feature that Circle made accessible. Here, they can build and experiment. Afterwards, those who wish to eventually take their projects to another level by taking a slice of the Credit program may then apply. At this point, the Web3.0 developers would be headed for the Build or Scale Tier.

In the Build Tier, a developer could get as much $100 in credit plus all that is listed in the Free Tier. However, up to $1,000 in credit is available in the Scale Tier in addition to the perks embedded in the Build Tier.

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More Customized Solutions for Web3.0 Developers

It is worthy of acknowledgement that the Credit program is one out of the many developer-centric solutions that Circle has been working on in recent times.

Less than a week ago, Circle announced the expansion of its Web3.0 services onboarding the Solana network to help developers achieve new goals. This expansion introduced the integration of Programmable Wallets and Gas Solutions with the aim to boost security and create an intuitive and enterprise-grade wallet.

In May, the stablecoin issuer integrated Chainlink into its system to expand the capabilities of its stablecoins, USDC, and EURC. This partnership hopes to combine Circle’s financial services with Chainlink decentralized services so that developers can have the necessary tools to create comprehensive financial applications.

Read More: Notcoin Price Forecast: Is NOT Going To Zero As Bearish Momentum Builds?

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.