Stablecoins
Circle Integrates USDC onto Aptos Blockchain Ecosystem
Friday. January 31 at 5:00 AM
1 min. readCircle has successfully integrated its native USDC stablecoin onto Aptos' blockchain ecosystem, along with its Cross-Chain Transfer Protocol (CCTP) for enhanced interoperability. This collaboration opens up new opportunities in app development and DeFi liquidity. Aptos saw an 8% surge following the integration. The partnership between Circle and Aptos, established last November, has now achieved its goal of ensuring interoperability and TradFi access. The mainnet launch of native USDC on Aptos eliminates the need for bridging, providing developers and users with access to a regulated digital dollar. Circle's partnership with Aptos aims to simplify access to USDC liquidity for individuals and institutions. This integration, along with Circle's recent strategic moves such as partnerships with Binance and acquisitions, demonstrates its commitment to expanding market potential and use cases for USDC. Despite facing challenges, Aptos' partnership with Circle has positively impacted its APT token price, showing potential for increased user activity and revenue on its blockchain.