Key takeaways:
- USDC stablecoin issuer Circle has launched support for Apple Pay
- Apple Pay integration makes it easier for crypto-native businesses to accept payment from customers that don’t use crypto
- USDC is the second-largest stablecoin in the industry, controlling more than a $44 billion market share
Apple Pay integration makes it easier for businesses to accept payments from customers that don’t use crypto
Circle, the company behind the USD Coin (USDC) stablecoin, announced on Tuesday a new way to facilitate USDC settlements. “Excited to launch this new on ramp API for developers to connect Apple Pay to USDC settlement,” wrote Circle CEO Jeremy Allaire in a tweet yesterday.
According to an official statement from the company, Apple Pay integration will “make it possible for crypto-native businesses to accept payments from customers who don’t use crypto at all.” In addition, traditional businesses can also take advantage of the integration to benefit from USDC settlements.
USDC is the second largest stablecoin in the sector, boasting a $44 billion market capitalization as of writing. The stablecoin trails only Tether (USDT), which controls more than a $67 billion market share.
In September, Circle revealed that the USDC stablecoin would roll out to five additional blockchains by the end of 2022, including Arbitrum, Cosmos, NEAR, Optimism, and Polkadot.
