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With President-elect Donald Trump’s inauguration just days away, Circle joins other web3 companies in donating to Trump’s inaugural fund. The company’s CEO, Jeremy Allaire, made the announcement on his X page.
@circle has contributed 1M USDC to President Trump's Inaugural Committee. We are excited to be building
a great American company, and the fact that the Committee took payment in USDC is an indicator of how far we have come, and the potential and power of digital dollars.
The CEO confirmed the contribution of 1 million USDC to the inaugural committee, stating that his team is excited to be building a great American company. Jeremy commented that the committee accepted USDC stablecoin payments, deeming it as an action representing Circle’s progress.
Circle is just one of the many tech companies making news for their million-dollar donations to the inaugural fund of President Donald Trump. According to ABC News, the committee was set up last December with a $150 million target. The target has since been surpassed. Tech giants like Meta’s Mark Zuckerberg, Amazon’s Jeff Bezos, and OpenAI’s Sam Altman donated $1 million each.
Investing firm Robinhood committed $2 million to the fund, while Uber pledged $1 million. Crypto companies Coinbase, Ondo, and Kraken contributed over $3 million to the committee. Blockchain payments firm Ripple has also joined the donating firm, offering $5 million to the inaugural committee.
Trump’s 2025 inaugural fund has raised over $170 million so far, making it the largest amount ever raised for this purpose. This is nearly three times more than Joe Biden’s 2021 fundraising total of $62 million and about 40% higher than Trump’s 2017 total of $107 million. Since reaching their $150 million fundraising goal last December, the committee says donations are still coming in.
The Trump-Vance inaugural fund will be used to cater to the needs of the 3-day inaugural activities. The inauguration will commence on January 18, starting with a Make America Great Again Victory rally in Pennsylvania.
The fund will also cover traditional inaugural events, a dedicated reception for top donors, and an exclusive dinner with Donald Trump and Melania Trump. The inauguration will kick off on Jan 20 with a parade through Pennsylvania Avenue, followed by the swearing-in ceremony and a starlight ball in the evening to conclude the day’s events.
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