The team behind the second largest stablecoin by market cap is building a crypto wallet platform that supports email and social media-based logins.
In a new announcement on social media platform
“Onboard users to your apps faster with social logins or email OTP (one-time passcode) authentication! Our latest release gives you more options to seamlessly connect users and securely verify transactions when building with user-controlled programmable wallets.”
Social logins allow users to log into third-party websites using existing credentials from their social media accounts, such as Facebook and X.
According to Circle CEO Jeremy Allaire, the new product will enable a smooth transition from Web2 to Web3.
“Another milestone in building secure and easy-to-use Web3 wallets. Circle’s Programmable Wallets (development platform for building smart wallets) now support onboarding and authentication using social logins and email OTP. A big step in making Web3 accessible to Web2 users.”
Earlier this month, market intelligence firm Kaiko found that USDC is currently the most sought-after stablecoin among all regulated dollar-pegged crypto assets.
However, Kaiko also noted that unregulated stablecoins still dominate the market, a phenomenon that may change due to the European Union’s (EU) regulation of Markets in Crypto-assets (MiCA).
“Currently, non-compliant stablecoins dominate the market, accounting for 88% of total stablecoin volume. MiCA could shift this balance as exchanges and market makers favor compliant stablecoins over non-compliant alternatives.”
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