USDC

<a href="https://bitcoinworld.co.in/native-usdc-officially-launches-on-sui/" title="Native USDC Officially Launches on Sui" rel="noopener noreferrer nofollow"></a>
Grand Cayman, Cayman Islands, October 8th, 2024, Chainwire
<h3 id="sui-is-the-first-move-language-based-blockchain-with-native-usdc">Sui is the first Move language-based blockchain with native USDC</h3>
Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, and Circle, the issuer of USDC, today announced that native USDC is live on the Sui Network. With this integration, users of Sui will have direct access to one of the most widely used stablecoins as a native asset on the network, removing the added complexities and risks caused by bridged assets.&nbsp;
With the launch of native USDC on Sui, users can now enjoy enhanced liquidity and security through direct on-chain representation, eliminating the need to bridge USDC and use external bridges. This transition reduces the risks associated with canonical, or lock-and-mint bridges, offering a more secure experience for asset transfers.&nbsp;
Additionally, the upcoming integration of Cross-Chain Transfer Protocol (CCTP) will enable seamless movement of USDC across supported blockchains, allowing users to transfer assets swiftly and securely between networks, including Sui. The development opens up significant opportunities for decentralized finance (DeFi) applications on the Sui Network, as protocols can now leverage native USDC to offer improved liquidity, reduced friction, and enhanced user experiences.
<blockquote>
 “Sui’s integration of native USDC will bring tremendous benefits to developers and users alike,” said Jameel Khalfan, Head of Ecosystem Development at Sui Foundation. “Native USDC grants the Sui community easy access to one of the world’s most stable digital currencies, and the opportunities it unlocks for the ecosystem are endless.”
</blockquote>
Protocols on Sui integrating native USDC on day 1 include Aftermath Finance, Cetus, DeepBook, FlowX, Hop, Kriya, Navi Protocol, Scallop, Suilend, Sui Wallet, Turbos, Typus, and 7K with a number offering swaps from bridged USDC to the new native token.
<h5>Contact</h5>
Sui Foundation media@sui.io

Native USDC Officially Launches on Sui

Table of Contents

ItsBitcoinWorld

Other articles published on Oct 8, 2024

Bybit and Nordic Blockchain Association Collaborate to Drive Innovation in the Nordic Blockchain ...

US Supreme Court Declines to Hear New BTC Silk Road Case

XSGD, Singapore’s First Dollar-Backed Stablecoin, Launches on Bitstamp to Power Global Cross-Bord...

Bitcoin ETFs Continue to Draw Inflows, Recording $235 Million in Net Gains

Bitcoin Approaches Second Golden Cross Formation, Analysts Expect Pumps Towards $73,7000 – $250,000

Ethereum (ETH) Struggles to Break $2.5K Amid Bearish Dominance

Join our free newsletter for daily crypto updates!