Integration to improve DeFi use cases on Aptos, expand interoperability, and streamline global payment solutions for merchants.
The Aptos Foundation today announced the upcoming integration of Circle’s native USDC and CCTP (Cross-Chain Transfer Protocol) to the Aptos Network, as well as Stripe’s addition of support for Aptos in its crypto products.
These integrations make Aptos the home of interoperable DeFi and the fastest, cheapest and most trusted enterprise blockchain, expanding its global financial ecosystem.
Aptos integration into Stripe’s crypto access and payment products, combined with native USDC, will provide reliable fiat entry and exit ramps for the Aptos network, streamline payments and merchant payouts and will provide 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 over $160 million in circulation on Aptos, bridged USDC is the most widespread stablecoin available on the network.
With this integration, native USDC will be issued through Circle’s regulated entities directly on the Aptos network, and CCTP will enable developers to design cross-chain experiences by connecting their Aptos applications to the network of supported blockchains.
Bridge providers like Stargate, built on LayerZero, will ensure a smooth transition from 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 function as normal.
Additionally, before the native launch of USDC, USDC bridged from AptosBridge will be renamed to “lzUSDC” on block explorers.
Contacts will be deployed to apps in the ecosystem to encourage them to make the same change in their app’s 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 individual capital efficiency.
The move will enable seamless cross-channel integration, trading, purchasing, cash rebalancing and more. 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 to USDC. directly through Aptos compatible wallets.
This integration will enable the use of USDC for Stripe’s global network of businesses.
The combination of Stripe’s payment tools and Aptos’ scalable network opens new opportunities for global merchants and payment providers to process transactions faster, more securely and at lower cost.
John Egan, head of crypto at Stripe, said:
“Adding support for the Aptos blockchain in our crypto products expands consumers and merchants’ access to more efficient global fund flows with stablecoins. whether it’s a retailer accepting payments from around the world or a platform paying creators wherever they are.
“This collaboration brings together the global network of Stripe and the power of the Aptos blockchain, opening new avenues for merchants and consumers to access efficient and stable payments.”
Nikhil Chandhok, Chief Product Officer at Circle, said:
“The DeFi ecosystem on Aptos has grown five times its original size in the past year alone, and it’s clear why Aptos has established itself as a very efficient way to transfer money across the world.
“The arrival of native USDC and CCTP will only reinforce this and strengthen the vision we share with the Aptos Foundation team of a future where secure digital dollars create an economy more accessible to everyone.”
Bashar Lazaar, Head of Grants and Ecosystem at the Aptos Foundation, said:
“USDC and CCTP are the gold standard in DeFi, and Stripe is among the most trusted names in financial infrastructure.
“Circle and Stripe’s integration of Aptos advances the creation of a more accessible, secure and decentralized financial future.
“We are all looking forward to this integration and can’t wait to see what the incredible builders in the Aptos ecosystem make possible with this powerful new technology in their toolbox.”
While Aptos Labs provided technical expertise for the integrations, Mo Shaikh, CEO of Aptos Labs, said:
“Aptos makes the globally connected economy accessible to everyone by simplifying the movement of economic value.
“I look forward to seeing Aptos become a unifying force in the global economy, providing infrastructure that improves payments efficiency while bringing the peer-to-peer monetary movement to life for its ecosystem and builders.”
For more information about the Aptos Foundation and DeFi on Aptos, visit here.
About the Aptos Foundation
The Aptos Foundation is dedicated to supporting the development of the Aptos protocol, decentralized network and ecosystem and driving engagement with the Aptos ecosystem.
By opening a blockchain with transparent usability, the Aptos Foundation aims to bring the benefits of decentralization to the general public.
About the Aptos Network
Aptos is a next-generation layer 1 blockchain.
Aptos’ revolutionary technology and programming language, Move, is designed to scale, improve performance and enhance user protection.
Please visit the website for more information about the Aptos blockchain.
About the Circle
Circle is a global financial technology company that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide.
Through its regulated entities, Circle is the issuer of USDC and EURC highly liquid, interoperable and reliable monetary protocols over the Internet.
Circle’s open, programmable platform and APIs enable organizations to easily manage their businesses at internet scale, from making international payments to creating web 3.0 applications accessible at scale. global or manage their internal cash flow.
Users can learn more here.
About Stripe
Stripe is a financial infrastructure platform for businesses.
Millions of businesses from the world’s largest companies to the most ambitious startups use Stripe to accept payments, increase revenue, and accelerate new business opportunities.
Based in San Francisco and Dublin, the company aims to increase the GDP (gross domestic product) of the Internet.
Contact
Hannah Noyes, communications manager at Aptos Labs
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