USDC Digital Payment Service to Launch on Apple iPhones Soon: What Does It Mean for Stablecoins?
Stablecoins are growing in popularity as they continue to outpace market expectations and challenge prevailing trends.
With the growth in supply and market cap of these currencies, USDC has emerged as a preferred choice among regulated stablecoins.
To keep up with market demands and take advantage of new opportunities, Circle has announced the integration of a tap-to-pay feature using USDC.
In this context, Jeremy Allaire, CEO of Circle, stated:
Allaire explained that if an iOS wallet supports USDC, it will be able to provide a seamless user experience, as the receiving device (such as a point of sale or another iOS device) can receive transaction information with a single tap.
He added:
This technology will allow the point of sale to send the blockchain address that will accept USDC or specify the amount to be paid.
What makes Circle’s move stand out is that it comes after Apple allowed developers to conduct NFC transactions within apps using the secure element starting with iOS 18.1.
Allaire explained that this feature was previously limited to Apple Pay and Apple Wallet only.
This move is not limited to USDC alone, but also includes NFTs, digital certificates, and EURC currencies.
