Circle Introduces Social Media and Email-Based Logins for Crypto Wallets

The team behind USDC, the second-largest stablecoin by market cap, has unveiled a groundbreaking crypto wallet platform. This new product from Circle allows users to authorize crypto transactions using email, social media logins, or PIN codes. Announced on the social media platform X, this feature aims to simplify the onboarding process for new users.

“Onboard users to your apps faster with Social Logins or Email OTP (one-time passcode) verification! Our latest release provides you with more options to seamlessly onboard users and securely authenticate transactions when building with user-controlled programmable wallets,” Circle’s developers shared.

Seamless Web2 to Web3 Transition

Social logins enable users to access third-party websites with their existing social media accounts, such as Facebook and X. Circle’s chief executive Jeremy Allaire emphasized the significance of this innovation in facilitating the transition from Web2 to Web3.

“Another milestone in building safe and easy to adopt Web3 wallets. Circle’s Programmable Wallets (dev platform for building smart wallets) now supports onboarding and authentication using Social Logins and Email OTP. A big step in making Web3 accessible to Web2 users,” Allaire stated.

This integration aims to make Web3 technology more user-friendly, encouraging wider adoption and bridging the gap between traditional internet users and the evolving blockchain ecosystem.

Earlier this month, market intelligence firm Kaiko highlighted USDC as the most sought-after stablecoin among regulated dollar-pegged crypto assets. Despite this, Kaiko noted that unregulated stablecoins still dominate the market, accounting for 88% of the total stablecoin volume.

The European Union’s upcoming Markets in Crypto-assets (MiCA) regulation could shift this balance. As exchanges and market makers start favoring compliant stablecoins, USDC’s prominence might grow even further.

“Currently, non-compliant stablecoins dominate the market, accounting for 88% of the total stablecoin volume. MiCA could shift this balance as exchanges and market makers favor compliant stablecoins over non-compliant alternatives,” Kaiko reported.

Circle’s new wallet platform and the anticipated regulatory changes suggest a promising future for USDC and other compliant stablecoins. By making crypto transactions more accessible and secure, Circle is poised to lead the way in mainstream Web3 adoption.