PANews reported on November 21 that, according to CoinDesk, the Aptos ecosystem development organization revealed that payment company Stripe is expanding its crypto products to the Layer1 blockchain Aptos, while stablecoin issuer Circle plans to bring its flagship stablecoin USDC to the network.
So far, USDC has only existed on the network in a bridged version. The stablecoin company will also add Aptos to its Cross-Chain Transfer Protocol (CCTP), a tool that helps USDC move between different blockchains. This will help Aptos better connect with decentralized finance (DeFi) applications.
Stripe will provide crypto onramp services on Aptos, aiming to help merchants move funds between traditional payment systems and the blockchain. Users will be able to directly convert government-issued currencies to USDC through Aptos-enabled crypto wallets.
