Circle’s USDC and Stripe’s payment services are now integrated with Aptos, enabling cross-chain transfers across eight blockchains and offering fiat on-ramps for Aptos wallets.
Stripe and Circle Introducing USDC
Circle’s USDC stablecoin and Cross-Chain Transfer Protocol (CCTP) are scheduled to be launched natively on the Aptos blockchain network as Circle and Stripe continue to broaden their services.
Over 72 transaction pathways for cross-chain operations will be established by the integration, which will allow Aptos users to transfer USDC across eight main blockchains, including Arbitrum, Base, Ethereum, and Solana.
The current Ethereum-bridged USDC, which has over $140 million in circulation on Aptos, will be replaced by native USDC on Aptos, which is issued by Circle.
The transition from bridged USDC to native USDC will be facilitated by bridge providers such as Stargate, which are designed on LayerZero.
Users will be able to convert fiat currencies directly into USDC through Aptos-compatible wallets, as Stripe’s payment services will offer fiat on-ramp capabilities for the Aptos network.
The objective of the integration is to simplify the process of merchant pay-ins and payments by integrating blockchain technology with traditional finance.
According to John Egan, Stripe’s director of crypto, the integration of the Aptos blockchain into Stripe’s crypto products enhances the efficiency of global fund flows for both consumers and merchants by utilizing stablecoins.
The announcement is in response to Stripe’s recent acquisition of Bridge, a stablecoin payment firm, for $1.1 billion in order to improve its blockchain capabilities for global payments.