Apple to Support USDC Payments via NFC-Based Tap to Pay, Circle CEO Confirms

Apple to Support USDC Payments via NFC-Based Tap to Pay, Circle CEO Confirms

Apple is set to support USDC payments through its NFC-based Tap to Pay system, according to Circle CEO Jeremy Allaire. "USDC will be supported on Apple's NFC based payments system, Tap to pay" using X," Allaire announced via Twitter. This news comes after Apple's earlier announcement that it will allow third-party apps to access its NFC-based payment system. "Circle has no relationship with Apple and Apple Pay," Allaire clarified. "This is just Apple opening up NFC payments on iPhones to non-Apple wallets and payment apps, which would include USDC. Industry and developers should prepare for this eventuality." This move by Apple is a significant development for the USDC stablecoin, which is issued by Circle and backed by the US dollar. It will allow users to make payments using USDC in a wider range of locations and with greater ease. Apple's Tap to Pay system is a contactless payment system that allows users to make payments using their iPhone or Apple Watch. It is currently available in the United States and several other countries. The addition of USDC support to Tap to Pay is a major step forward for the adoption of stablecoins as a payment method. It is also a testament to the growing popularity of USDC, which is now one of the most widely used stablecoins in the world.