Circle Integrates Native USDC on Aptos Mainnet

Circle integrated its native USDC stablecoin onto Aptos’ blockchain ecosystem alongside its Cross-Chain Transfer Protocol (CCTP) for interoperability.

The stablecoin issuer anticipates new opportunities in app development and DeFi liquidity. Following the news, Aptos has jumped by nearly 8% today.

Circle Delivers on Aptos Partnership

Circle, one of the leading stablecoin issuers, has finished integrating its native USDC token onto Aptos. These two firms entered a partnership to secure interoperability and TradFi access last November, and their stated goal has been accomplished.

According to Circle’s announcement, this mainnet launch does not require bridging.

“Native USDC is now live on Aptos! This marks a significant milestone for the Aptos ecosystem, empowering developers and users with access to the world’s largest regulated digital dollar,” the firm claimed on social media.

Circle claimed it partnered with Aptos to make it easier for individuals and institutions to access USDC liquidity. After announcing the main stablecoin integration, the firm finished its CCTP interoperability protocol’s mainnet launch a few minutes later.

This Aptos partnership is one of several ways that Circle is expanding its reach lately. In anticipation of MiCA, Circle partnered with Binance to challenge Tether’s EU market share, and it acquired the world’s largest tokenized treasury and money market fund last week.

Additionally, the firm has been making major political donations in the US. In other words, Circle is expanding its influence, market potential, and use cases for its USDC token.

Meanwhile, it has been an eventful few months for the Layer-1 blockchain. Aptos’ APT token remained bearish throughout 2024 despite the bullish cycle. The company’s CEO, Mo Shaikh, also resigned last month, leading to notable leadership changes.

However, today’s partnership with Circle seems to have impacted the price chart. APT is up by nearly 10% today.

Aptos (APT) Price Performance. Source: BeInCrypto

The firm is still facing some notable challenges, but the USDC integration may generate new user activity and revenue sources on its blockchain. It is presently unclear whether the firm can regain some real forward momentum.

Circle, for its part, seems quite enthusiastic about the Aptos integration. Its public statements address the advantages of using native USDC instead of bridged lzUSDC, which Circle does not issue or control.

With this integration, the company anticipates new use cases for secure apps, DeFi liquidity, increased merchant access, and more.

The post Circle Integrates Native USDC on Aptos Mainnet appeared first on BeInCrypto.