Aptos Partners with Circle and Stripe

The Aptos Foundation announced a new partnership with Circle and Stripe, hoping to revolutionize its network functionality.

Aptos (APT) has announced a new partnership with Circle and Stripe, aiming to enhance its network functionality and become "the ultimate hub for interoperable DeFi."

The Aptos Foundation announced on Thursday that Circle’s USDC stablecoin and Cross-Chain Transfer Protocol (CCTP) will be integrated with the Aptos mainnet. Moreover, Aptos will integrate Stripe’s payment services, enabling on- and off-ramps, payment processing, and TradFi ease of adoption.

“Once the integration is complete, users will be able to seamlessly transfer USDC between Aptos and 8 major blockchains. In addition to USDC and CCTP, Stripe will soon launch its payment services on Aptos, creating a reliable fiat on-ramp to streamline merchant pay-ins and payouts using Aptos-compatible wallets,” the firm claimed via press release.

Aptos sets ambitious goals with Circle, Stripe partnership

Aptos has set ambitious goals with this partnership, hoping to revolutionize its network functionality. The partnership marks a new development for Stripe’s integration with crypto.

Stripe took a six-year hiatus from cryptocurrency payments, which only ended this April. Since then, however, it’s been engaging seriously with the industry. The firm entered an earlier partnership with Circle this June, hoping to promote USDC adoption. Additionally, Stripe acquired Bridge, a crypto payment platform, last month.

For its part, Aptos is undertaking a recovery process. Despite a major price spike in March, it suffered a lingering decline for most of 2024. The asset began regaining steam in October, and the November bull market has brought increased optimism. Still, its gains have stagnated for about a week.

This partnership between Aptos, Circle, and Stripe may help APT regain its forward momentum. These ambitious new features will greatly add functionality and accessibility to Aptos’ network. Still, the firm has set a very ambitious goal for itself: to solidify “its place as a leader in interoperable DeFi and enterprise-grade blockchain technology.” Only time can tell its success level.