Integration to enhance DeFi use cases on Aptos, expand interoperability and streamline global payment solutions for merchants.
Aptos Foundation today announced the upcoming integration of Circle’s native USDC and CCTP (cross-chain transfer protocol) on the Aptos Network, as well as Stripe adding support for Aptos in its crypto products.
These integrations make Aptos the home for interoperable DeFi, and the fastest, cheapest and most reliable enterprise-grade blockchain, further expanding its global financial ecosystem.
The integration of Aptos into Stripe’s crypto on-ramp and payouts products, paired with native USDC, will provide reliable fiat on- and off-ramps for the Aptos network, streamline merchant pay-ins and payouts and offer a seamless connection between traditional finance and blockchain technology.
Today, USDC is the largest regulated dollar-backed stablecoin with over $37 billion in circulation.
With more than $160 million in circulation on Aptos, bridged USDC is the most prevalent stablecoin available on the network.
With this integration, native USDC will be issued through the regulated entities of Circle directly on the Aptos network, and CCTP will enable developers to design cross-chain experiences by connecting their Aptos apps to the network of supported blockchains.
Bridge providers such as Stargate, built on LayerZero, will provide a smooth transition from the existing bridged USDC on Aptos to native USDC over time.
There are no immediate changes to the AptosBridge built on LayerZero, and it will continue to operate as normal.
Additionally, ahead of the native launch of USDC, bridged USDC from the AptosBridge will be renamed to ‘lzUSDC’ on block explorers.
There will be outreach to ecosystem apps to encourage them to make the same change in their app UI and documentation.
The launch of CCTP will bring new levels of interoperability to DeFi on Aptos, enabling secure and efficient native USDC transfers.
With the addition of Aptos, CCTP will support nine blockchains including Arbitrum, Base, Ethereum and Solana and 72 routes with one-to-one capital efficiency.
This move will allow for seamless cross-chain onboarding, swaps, purchases, treasury rebalancing and more all while maintaining an accessible and intuitive user experience.
With the addition of Aptos to Stripe’s crypto products, users will be able to seamlessly convert fiat currencies into USDC
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