Circle’s USDC stablecoin has been officially launched on layer-1 chain Aptos.
The native token of Aptos, APT is on the rise, with a 5.5% increase in just 24 hours.
At the time of this writing, the 38th-ranked cryptocurrency asset in terms of market capitalization is currently trading at $7.91.
Coinbase, top US cryptocurrency exchange, already has Aptos native USDC on its list of listings.
Aptos announced in November that they would be integrating Stripe, the payment service of Stripe, and USDC.
Stripe is providing a Fiat On-Ramp to the Aptos Network. In October, the payments company re-emerged into crypto when it added support for USDC. The firm had enabled Bitcoin (BTC), until 2018 when it discontinued support, citing BTC’s inefficiency as a payment rail.
Circle officially issues native USDC stablecoins that are redeemed 1:1 in US dollars. USDC has the second largest stablecoin market capitalization, with more than $53 Billion. The only one bigger is Tether’s USDT which boasts a cap of almost $140 Billion.
APT, despite its recent gains, remains lower than the previous seven days. It is also down more than 10 percent in the last month.
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The post Circle’s USDC Stablecoin officially goes live on Layer-1 Chain Aptos(APT) can be updated as new information is revealed.
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