Circle has unveiled USDCKit, a new tool designed to make USDC payment integration easier for businesses.
According to a Mar. 27 announcement on Circle’s official blog, the demand for stablecoins has been rising despite market volatility. Stablecoins have found a strong product-market fit in both the web3 and traditional finance sectors. However, many companies struggle to set up stablecoin transactions due to technical and compliance hurdles.
USDCKit will help remove these barriers by providing large-scale payment processing, automated fund transfers, and integrated regulatory tools. Any business that handles large amounts of USD Coin (USDC) transactions could benefit, even though payment service providers and remittance platforms will probably be the first users.
USDCKit will also facilitate the smooth transfer of USDC between networks by supporting several blockchains, such as Ethereum (ETH), Solana (SOL), and Avalanche (AVAX).
In another development on Mar. 27, the company partnered with Intercontinental Exchange, which owns the New York Stock Exchange, to explore the integration USDC and USYC, a tokenized money market fund, in traditional finance markets.
Meanwhile, Circle has been expanding USDC’s reach in key regions around the world. Following regulator approval, SBI VC Trade, a subsidiary of Japan’s SBI Holdings, began full-scale USDC trading in Japan on Mar. 26.
The Philippines’ largest digital wallet provider, GCash, has also integrated USDC to support its massive stablecoin remittance market, valued at $65 billion annually. Additionally, USDC and Circle’s Euro-backed EURC are now the first stablecoins to be approved for use in Dubai’s economic free zone
With $2.67 billion in new USDC issued last month, its market value now stands at nearly $60 billion, as per DefiLlama data. Tether (USDT) still leads the stablecoin market with a 61.93% market share, but Circle is pushing forward with strategic partnerships, regulatory approvals, and tools like USDCKit to drive wider adoption.
