Blockchain developers can now use a testnet token depot provided by Jeremy Allaire’s stablecoin operator to create web3 tools and solutions.
The creator of USD Coin (USDC), the second-largest stablecoin in cryptocurrency, Circle, has launched a faucet for both its EURC coin and its US dollar-pegged token, to foster innovation across numerous decentralized networks.
Developers will be able to access test EURC and USDC using this faucet, which can subsequently be released on testnets. Before the main deployment, builders test and assess blockchain applications in this staging area.
The testnet coins can be obtained for free on supported chains like Avalanche, Ethereum, Algorand, Arbitrum, Near, Noble, Optimism, Polygon PoS, Solana, Stellar, Tron, and more.
According to Circle, users can take advantage of the faucet on any Ethereum Virtual Machine (EVM) and non-EVM testing network that accepts USDC and EURC.
When testing smart contracts, testnet tokens and faucets serve as a crucial support system for blockchain developers, mimicking the interactions between cryptocurrencies, stablecoins and decentralized applications (dapps).
The stablecoin operator may achieve a significant step toward improving stablecoin utility in the early phases of on-chain developments with the help of this technology.
In other Circle news, the business released two open-source protocols in response to claims made by US lawmakers over the use of USDC by criminal actors for illegal activities.
Circle, as previously reported, denied the allegations. According to the business, reversible transactions are made possible by the protocols, which include a recoverable token standard. In addition, Circle unveiled the R-Pools project, which serves as an insurance fund for this new class of tokens.
