Stripe and Circle's USDC integrate into Aptos ecosystem
The Aptos blockchain is taking a big step forward by integrating Circle’s USDC stablecoin and Stripe’s payment services. This collaboration introduces Circle’s native USDC and its Cross-Chain Transfer Protocol (CCTP) to the Aptos ecosystem, making transactions more seamless across eight major blockchains like Ethereum, Solana, and Arbitrum. This upgrade opens up over 72 pathways for cross-chain operations, replacing the previously used Ethereum-bridged USDC, which had over $140 million in circulation on Aptos.
To make the transition smooth, bridge providers like Stargate, built on LayerZero, will help users move from bridged USDC to the native version. This development enhances the efficiency and reliability of transactions within the Aptos network.
Stripe’s integration brings an added advantage: a fiat on-ramp. This feature allows users to convert traditional currencies directly into USDC through wallets compatible with Aptos. It simplifies global payment flows, making it easier for merchants to manage pay-ins and payouts while connecting traditional finance with the blockchain.
John Egan, head of crypto at Stripe, highlighted that this integration expands opportunities for both merchants and consumers, offering a more efficient way to move funds globally using stablecoins. This announcement also follows Stripe’s $1.1 billion acquisition of the stablecoin payment firm Bridge, showcasing its commitment to enhancing blockchain-based global payments.