USDC issuer Circle launches MPC wallet beta for Ethereum, Polygon, Avalanche

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USDC issuer Circle launches MPC wallet beta for Ethereum, Polygon, Avalanche
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Circle launched a service and API that allows developers to create customized wallets for their users.

many Web3 developers have been using. MPC wallets can be accessed via an application programming interface , giving them a “Web2 feel” that some developers and users prefer.developers to “choose the best wallet security and control configurations.” For example, some developers may want to host their own MPC nodes to ensure they are not completely reliant on Circle, while others may want to choose the simpler method of connecting to Circle’s nodes.

According to Circle co-founder and CEO Jeremy Allaire, the new service is essential in promoting the use of USDC: “Circle’s Programmable Wallets is part of a new, core pillar of our strategy to advance global, mainstream utility and adoption of digital assets like USDC and public blockchain-based payments[.] This new platform marks the first step for Circle’s Web3 services as we work to ease common pain points for developers[.]"

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