The potential integration of USDC with Apple could further increase TVL, positioning Ethereum for explosive growth during the next phase of the market rally. As Ethereum’s ecosystem grows, network effects could strengthen, leading to increased demand for ETH as developers and users flock to the platform.
Additionally, increased USDC transactions would improve Ethereum’s liquidity, enhance network security, and solidify its position as a leading blockchain for decentralized finance (DeFi) and stablecoin transactions, potentially leading to substantial ETH price appreciation.
To summarize:
Apple’s potential collaboration with Circle to integrate USDC into its NFC payment system could have profound implications for Ethereum.
Allaire noted that this innovation could open a powerful avenue for direct USDC payments to merchants, as well as other uses such as NFTs for tickets and certificates. The prospect of integrating USDC into Apple’s vast ecosystem is particularly exciting for Ethereum proponents. As more users adopt USDC through Apple devices, demand for transactions on the Ethereum network could increase, which would have a positive impact on the price of ETH.
The move comes after years of regulatory pressure on Apple to open its NFC chip to increased market competition.
Apple’s recent move represents a significant shift in its strategy, potentially ushering in a new era for mobile payments and digital currencies.
As Apple prepares to roll out these changes to select markets, developers are encouraged to upgrade their apps to support USDC, positioning Ethereum for wider adoption and higher transaction volumes.
With Ethereum price at $2,600, up 16.5% year-on-year, the potential to tap into a $15.7 trillion contactless payments market could drive significant growth.
As USDC usage increases, demand for ETH will likely increase, driven by increased adoption, network effects, and developer activity. This partnership could position Ethereum for substantial growth in the years to come, with USDC at the forefront of this transformative shift in the digital payments landscape.
