The potential integration of USDC with Apple could further boost TVL and position Ethereum for explosive growth during the next market rally phase. As the Ethereum ecosystem expands, network effects could amplify, leading to increased demand for ETH as developers and users flock to the platform.
Furthermore, increased USDC transactions would boost Ethereum’s liquidity, improve network security, and cement its position as the leading blockchain for decentralized finance (DeFi) and stablecoin transactions, potentially leading to a significant price increase of ETH.
Recap:
Apple’s potential collaboration with Circle to integrate USDC into its NFC payment system could have profound implications for Ethereum.
Allaire emphasized that this innovation could open up a powerful path for USDC direct 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 supporters. As more users adopt USDC through Apple devices, demand for transactions on the Ethereum network could increase, which would have a positive impact on ETH price.
This development comes after years of regulatory pressure on Apple to open its NFC chip to greater market competition.
Apple’s latest move represents a significant shift in strategy and could usher in a new era for mobile payments and digital currencies.
As Apple prepares to roll out these changes in select markets, developers are encouraged to update their apps to support USDC, positioning Ethereum for wider adoption and higher transaction volumes.
With Ethereum trading at $2,600, up 16.5 percent year-to-date, the opportunity to tap into a $15.7 trillion contactless payments market could drive significant growth.
As USDC usage increases, demand for ETH is likely to increase, driven by improved adoption, network effects, and developer activity. This partnership could position Ethereum for significant growth in the coming years, with USDC at the forefront of this transformative shift in the digital payments landscape.
