USDC issuer Circle launches MPC wallet beta for Ethereum, Polygon, Avalanche

USD Coin issuer Circle has released a beta version of a multiparty computation (MPC) wallet service, according to an Aug. 8 announcement. The new service will allow developers of decentralized finance (DeFi) apps, Web3 video games, e-commerce services and other blockchain applications to create customized wallets specifically for their users. It will be available initially on Ethereum, Avalanche and Polygon. MPC wallets are secured by splitting a user’s private key into multiple shards and distributing them through a decentralized network. Circle, the new service will allow developers to “choose the best wallet security and control configurations.”

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