Cygnus joins Circle Alliance

Circle has announced that Cygnus, a Web3 and Instagram app layer, has officially joined the Circle Alliance. Cygnus aims to leverage the partnership to expand USDC adoption, utilizing its embedded wallet to bring Instagram users on-chain through its multi-chain integrated structure. The project will use USDC on the Base network as a core asset to simplify on-chain onboarding and increase user engagement. Launched in November 2023, the Circle Alliance is a consortium of fintech, traditional finance, payments, banking, and Web3 companies, institutions, and protocols working to develop an internet-based financial system.