Circle has announced the launch of its native stablecoin, USDC, on the Layer-1 Aptos mainnet, now available to all developers and users. This integration removes the need for bridging when completing transactions, simplifying the process for both developers and users.
With this integration, financial institutions can now access USDC liquidity while benefiting from the speed and security of the Aptos network. Aptos offers a fast and scalable environment, ideal for decentralized finance (DeFi) growth and broader Web3 applications.
Aptos is a Layer-1 blockchain built with Move, designed for secure, scalable, and upgradeable Web3 infrastructure. Its DeFi ecosystem is growing rapidly, with a projected 10X growth in 2024. Aptos provides developers with the tools to build financial solutions and applications for mainstream adoption.
With USDC now available, Aptos developers can use the world’s largest regulated dollar-backed stablecoin to build decentralized applications. Aptos supports a wide range of use cases, including DeFi, peer-to-peer payments, cross-border remittances, global commerce, real-world assets (RWAs), and gaming—ushering in a new wave of blockchain adoption.
Previously, Aptos used a bridged version of USDC called lzUSDC, which wasn’t issued by Circle but instead bridged from Ethereum through AptosBridge on LayerZero. The success of bridge providers like Stargate, built on LayerZero, played a key role in growing lzUSDC on Aptos.
This success helped Circle decide to bring native USDC to the Aptos ecosystem.
The Aptos team, along with bridge providers, will collaborate with ecosystem participants to ensure a smooth transition from lzUSDC to native USDC. Additionally, Aptos will use the Cross-Chain Transfer Protocol (CCTP) to allow interoperability, enabling users and developers to transfer USDC natively across blockchains.
Circle has also confirmed that USDC on Aptos will soon be supported on Coinbase, further expanding its reach.
With USDC now native to Aptos, the blockchain is set to unlock even greater potential in DeFI! Good times, indeed.
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