Kado Integrates with Circle to Enable Payments with USDC on Solana

April 19 16:03 2022
Customers on Kado’s platform can now spend USDC on over 500 brands directly from their Solana Phantom Wallet.

Boston – April 19, 2022 – Kado, a startup building stablecoin payments infrastructure for Web3 announced today the ability to enable transactions using USD Coin (USDC) on Solana. Kado’s* mission to enable frictionless access to and utility for stablecoins will be experienced by users of Kado’s stablecoin shopping platform, Kado Pay, where customers can seamlessly transact with USDC via their Solana Phantom Wallet.

“We believe the future of finance will be built on the blockchain and with digital currencies,” said Emery Andrew, co-founder and CEO of Kado. “Users should be able to freely choose which stablecoins and blockchains they utilize for their financial activity and experience a frictionless transaction. Over the last year, the stablecoin market supply has grown by over $120 billion, clearly proving product market fit and consumer demand.”

A global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide, Circle’s USDC currently holds a circulation greater than $50 billion1. Kado will leverage Circle’s payment solutions to enable fast, secure, and low-cost payments in USDC across a multitude of platforms.

“As global e-commerce sales grow at an unprecedented rate, consumers are looking toward dollar digital assets like USDC for a more efficient form of payment that can complement their digital retail experiences,” said Jeremy Allaire, co-founder and CEO of Circle. “That’s why we are thrilled to be working with Kado to offer users the option to pay with USDC for everyday goods.”

Kado also intends to incorporate Solana Pay, the new set of decentralized payment standards developed by Solana, to provide an additional easy-to-use cross-chain stablecoin payment option for consumers.

Kado will also be working to integrate Solana USDC into Kado Ramp, Kado’s on-and-off-ramp product which aims to deliver a fast and easy way to swap between fiat dollars and stablecoins.

*Circle Ventures, a part of Circle Internet Financial, LLC, is also an investor in Kado.

About Kado

Kado is building premier payments infrastructure for stablecoins and web3 worldwide, including Kado Ramp, Kado Pay, and Kado Save. Learn more at https://www.kado.money.

https://www.circle.com/en/usdc

About Circle

Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is the issuer of USD Coin (USDC), one of the fastest growing dollar digital currencies powering always-on internet-native commerce and payments. Today, Circle’s transactional services, business accounts, and platform APIs are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity for all through the frictionless exchange of financial value. Additionally, Circle operates SeedInvest, a leading startup fundraising platform in the U.S.

Learn more at https://circle.com/

Contact Information

EMERY ANDREW, CEO
[email protected]

Circle Communications
Email: [email protected]

Media Contact
Company Name: Kado
Contact Person: Emery Andrew, CEO
Email: Send Email
Country: United States
Website: https://www.kado.money/

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