Unstoppable Domains, Circle Debut Simple Usernames For Stablecoin Transactions

Unstoppable Domains, the blockchain domain name provider, and Circle on Wednesday (August 4) debuted easily readable usernames for stablecoin payments, according to a press release. Circle, which recently raised $440 million, is the principal operator of USD Coin (USDC), a digital stablecoin linked to the U.S. dollar.

Read more: Circle Finalizes $440 Million Financing To Spur Blockchain, Platform Expansion

Through this joint effort, Circle and Unstoppable Domains will integrate support for .coin extensions into USDC’s more than 30 wallet and exchange partners.

“USDC has grown dramatically in the last year, fueling commerce and payments activity across the internet. With Unstoppable Domains’ .coin usernames, sending USDC becomes just as easy as sending an email. We believe this is a major step forward in making USDC payments accessible for all,” Josh Hawkins, Circle’s senior vice president of marketing, said in the release.

Just as PayPal and Venmo usernames simplified the transfer of U.S. dollars, Unstoppable Domains’ .coin usernames simplify sending crypto. Integrating Unstoppable Domains replaces long alphanumeric wallet addresses with simpler usernames, making transfer of USDC across an increasing number of apps, wallets, and exchanges around the world seamless.

Unstoppable Domains supports more than 200 cryptocurrencies across more than 50 wallets and exchanges. It has sold over 1 million blockchain domain names.

“Circle and Unstoppable Domains share a vision to bring ease-of-use to global payments, and we aim to make blockchain domain names the standard for digital currency transfers across all wallets and exchanges,” said Matthew Gould, founder and CEO of Unstoppable Domains. “Simple usernames combined with dollar-pegged stablecoins take the fear and risk out of spending crypto. We’re excited to work with Circle to make stablecoin transactions an everyday reality for millions, then billions of people.”

As PYMNTS has noted, digital currencies are not an all-or-none, zero-sum endeavor. So says Circle CEO Jeremy Allaire, who previously told PYMNTS that there’s plenty of room for bitcoin, its offshoots and brethren, for volatile digital currencies in addition to versions of cypto that are less volatile (like stablecoins) in this burgeoning asset class.

Read more: Circle’s Jeremy Allaire: Cryptocurrencies Are Not A Zero-Sum Game