Layer-1 Chain Aptos (APT) To Integrate Stripe’s Payment Services, Add USDC Stablecoin to Ecosystem

Layer-1 blockchain Aptos ($APT) has announced a plan to integrate fintech giant Stripe’s payment services and the stablecoin $USDC.

Stripe’s payment services will provide a fiat on-ramp for the Aptos network, according to a new press release from the layer-1 project.

Circle chief executive Jeremy Allaire says the new development is part of the stablecoin company’s efforts to scale $USDC.

“$USDC + CCTP + Aptos = high-performance, very powerful programmable money infrastructure. Excited for the upcoming launch!”

Stripe reemerged in the crypto sector last month when it rolled out support for $USDC settlements. The payments giant previously enabled payments made using Bitcoin ($BTC) until 2018, when the firm discontinued its support, citing $BTC’s lack of utility as a payments rail.

Aptos’ native token, $APT, is trading at $11.98 at time of writing. The 27th-ranked crypto asset by market cap is down nearly 1% in the past 24 hours but up nearly 6.5% in the past week and more than 15.8% in the past month.

Despite its recent gains, $APT remains nearly 40% down from its all-time high of $19.92, which it set in January 2023.

Generated Image: Midjourney