AEON recently announced that it has launched its official native support for $USDC on Starknet, a significant advance in merging the world of decentralized finance with the real world. While digital assets have flourished in both branches, both through speculation and through participation in managing protocols through on-chain governance, they are limited at the point of sale due to high costs and delays in processing transactions.
With this new addition to AEON’s platform, they hope to remove these limitations so that cryptocurrency payments are not treated as a niche hobby, but rather as an infrastructure that can handle the challenges of supporting the global economy.
Bridging Starknet to the real world economy
The latest version of the AEON platform provides an opportunity for the Starknet ecosystem in terms of utility by providing access to the AEON payment system using Starknet native $USDC. Users can now use their Starknet native $USDC assets with more than 50 million merchants worldwide using the AEON payment infrastructure.
The integration maximizes Starknet’s core value of unique ZK rollup technology. By creating ZK proofs, transactions are verified off-chain and then combined with others before settling on Ethereum, allowing customers using the platform through the mainnet to receive consumer-level security while reducing gas costs. When you buy coffee or make a vendor payment, you can expect a ‘fast ZK payment’ that gives you credit card-like processing times and blockchain transparency.
Laying the settlement layer for the AI economy
AEON seems to be looking to the future in regards to AI and how they will develop an ‘AI economy’. Autonomous agents and AI-driven platforms will require instantaneous, programmable, and borderless exchange as they become increasingly important. Traditional banks cannot meet the high-frequency settlement and microtransactions that will be required from these AI agents, due to their manual processes and geographic limitations.
By positioning themselves as the ‘settlement layer’ for #AI payments, AEON and Starknet are providing the fuel for this new digital engine. Of $USDC acting as a stablecoin (ensuring price stability) and that Starknet is able to provide the throughput needed for machine-to-machine trading, both of which are critical to the development of an ‘AI economy’.
A new era for scalable Web3 payments
One of the current trends in crypto is the increasing use of native assets on Layer-2 solutions. This can be seen with the introduction of native $USDC on Starknet, which removes the bridging risk of wrapped assets and provides a more secure and liquid experience for both institutional and retail users. This aligns with broader industry efforts to create a more streamlined Web3 user experience.
As stated in Circle’s documentation regarding native $USDC“Native issuance of a digital asset ensures that each minted unit (token) of the asset can always be exchanged for a corresponding US dollar on a 1:1 basis.” This creates a level of trust that will help merchants adopt native digital currencies. AEON has a feature called ‘real world checkout’ that achieves this by effectively hiding the complexity of the blockchain behind a traditional payment interface
Conclusion
The collaboration between AEON and Starknet is an important milestone in the utility of stablecoins. AEON overcomes obstacles for cryptocurrency commercial enterprises by combining the scalability of ZK rollups, $USDCthe stability and the world’s largest network of providers. To realize an AI-driven decentralized financial future, there must be a strong, fast and cheap settlement layer.
Credit : cryptonews.net
