Share this article
Crypto Custody Firm Qredo Integrates Circle’s USDC Stablecoin
The new toolkit allows USDC to be the ultimate gas token on any blockchain.
Updated Sep 13, 2023, 4:09 p.m. Published Sep 12, 2023, 9:00 a.m.
Cryptocurrency safekeeping firm Qredo has combined Circle’s popular USDC stablecoin with its non-custodial wallet offering.
The stablecoin integration also removes the headache of meeting gas fees by allowing USDC to be the ultimate gas fee token on any blockchain, Qredo said on Tuesday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Seamless connection to USDC, the second largest of the USD-pegged stablecoins, is lifeblood to decentralized applications and protocols, and making gas fees on chains like Ethereum more intuitive is a problem Visa (V) recently tackled.
Qredo’s new toolkit comprises a number of elements, including Circle’s APIs and “cross-chain transfer protocol” to do minting, redeeming, and transacting with USDC across multiple networks. This is combined with software from Etherspot, a specialist in making web3 transactions frictionless, and Qredo’s open source payment rails, dubbed QSign.
"This close integration with Circle’s USDC APIs allows institutions to bring millions of dollars in a single swipe into crypto and into USDC, and have those assets reside in their Qredo non-custodial wallet,” said Ben Whitby, Qredo’s head of strategic partnerships in an interview with CoinDesk. “It’s literally from fiat to non-custodial in one step.”
A “gasless” transaction experience not only helps users engage with blockchains, it also provides certainty and predictability when it comes gas costs, Whitby said. “This is really a dream come true for CFOs. Now they can use USDC as the ultimate gas token on any chain.”
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Exodus joins stablecoin race with MoonPay-backed digital dollar
The public crypto wallet firm joins Circle and PayPal in issuing stablecoins.
What to know:
- Exodus is launching a fully reserved, USD-backed stablecoin with MoonPay to power self-custodial payments in its crypto wallet app.
- The stablecoin will support Exodus Pay, a new feature enabling users to spend and send digital dollars without relying on centralized exchanges.
- With the launch, Exodus joins a short list of public companies, including PayPal and Circle, backing stablecoin products.
Top Stories
