Layer 1 blockchain Aptos (APT) has announced a plan to integrate fintech giant Stripe’s payment services and stablecoin USDC.
Stripe’s payment services will provide a fiat on-ramp to the Aptos network, according to a new press release from the layer-1 project.
Circle CEO Jeremy Allaire said the new development was part of the stablecoin company’s efforts to scale USDC.
“USDC + CCTP + Aptos = efficient and very powerful programmable monetary infrastructure. I’m excited about the upcoming launch! »
Stripe re-emerged in the crypto sector last month when it rolled out support for USDC settlements. The payments giant previously allowed payments made using Bitcoin (BTC) until 2018, when the company ended its support, citing BTC’s lack of utility as a payment rail.
Aptos’ native token, APT, is trading at $11.98 at the time of writing. The 27th largest crypto asset by market cap is down almost 1% in the past 24 hours, but up almost 6.5% in the past week and more than 15.8% in the past month.
Despite its recent gains, APT remains down nearly 40% from its all-time high of $19.92, set in January 2023.
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