Crypto News: USDC Expands Utility on Sui and Soneium

Tuesday, 17 September 2024, 04:52

Crypto news highlights Circle's integration of USDC into Sui and Soneium, enhancing DeFi liquidity. This expansion boosts cross-chain transfers and accessibility.
Beincrypto
Crypto News: USDC Expands Utility on Sui and Soneium

USDC Expands Utility on Sui and Soneium

On September 17, Sui, one of the prominent layer-1 blockchains in the market, announced the launch of Circle’s USDC stablecoin alongside the Cross-Chain Transfer Protocol (CCTP). This protocol facilitates secure USDC transfers between blockchains, enhancing the stability and interoperability of Sui's ecosystem. With this launch, USDC continues its strategy of expanding its stablecoin reach, particularly in decentralized finance (DeFi) and beyond.

Boosting Liquidity and Transaction Efficiency

This addition is expected to improve liquidity and transaction efficiency across multiple applications, including DeFi and digital commerce. By integrating USDC into Sony's Soneium, an Ethereum layer-2 solution, users gain the capability for smooth cross-chain transactions.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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