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Cryptocurrency News Articles
The Aptos Foundation Partners With Circle and Stripe to Enhance Its Blockchain Network
Nov 22, 2024 at 09:37 pm
By integrating Circle’s USDC stablecoin and Cross-Chain Transfer Protocol (CCTP), Aptos aims to enable seamless transfers between itself and eight
Aptos (CRYPTO: APT) has announced a new partnership with Circle (NYSE:CRCL) and Stripe (NYSE:STPE) to enhance its blockchain network.
The partnership will see Aptos integrate Circle’s USDC stablecoin and Cross-Chain Transfer Protocol (CCTP) to enable seamless transfers between itself and eight other major blockchains.
Announcing the partnership via an official tweet on Tuesday, Aptos stated that the aim is to enable seamless transfers between itself and eight other major blockchains.
“Aptos is excited to announce that Circle's USDC and CCTP, and support within Stripe crypto products to launch on Aptos Network,” the Aptos Foundation said in its announcement.
The announcement also highlighted the integration of Circle’s USDC and CCTP, with support from Stripe’s crypto products to launch on the Aptos Network.
“This collaboration marks a significant step in Aptos' mission to build a thriving ecosystem for decentralized finance (DeFi) and Web3 applications,” the Aptos Foundation added.
The partnership is set to position Aptos as a hub for interoperable DeFi. Circle’s USDC and CCTP will enhance cross-chain operability, while Stripe’s payment solutions aim to attract traditional financial systems and retail users.
The partnership also reflects Stripe’s renewed commitment to crypto, following its return to the sector this year and its acquisition of the crypto payment platform Bridge.
Aptos has struggled with price declines in 2024, but the partnership could signal a turning point. While the November bull market has spurred some optimism, gains have been slow.
The Aptos Foundation will be hoping that these developments will help it regain momentum and solidify its standing as a leader in blockchain innovation. However, the ambitious goals set by the firm will be tested as the network evolves.
Aptos (APT) Price Today
Aptos is currently trading at $11.98, down 1.08% over the past 24 hours. The apex cryptocurrency has slid by 1.81% over the past seven days.
APT is now trading at a price that is down by 8.23% year-to-date (YTD). The cryptocurrency reached an all-time high of $40.18 on March 2024.
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