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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.
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