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.
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