Native USDC Officially Launches on Sui - Transforming the Blockchain Landscape
Native USDC Launches on Sui
Native USDC has officially launched on the Sui network, creating exciting new opportunities for users and developers alike. Sui is the first blockchain utilizing the Move programming language and is dedicated to offering top-tier performance.
This integration allows users seamless access to one of the most widely adopted stablecoins directly, eliminating the risks typically associated with bridged assets.
Benefits of Native USDC on Sui
- Enhanced Liquidity: Users benefit from increased liquidity through a direct on-chain representation of USDC.
- Improved Security: By removing the need for external bridges, the launch reduces risks linked to traditional lock-and-mint bridges.
- Cross-Chain Transfer Protocol (CCTP): Upcoming integration will facilitate swift transfers of USDC across supported blockchains, enhancing user experience.
Jameel Khalfan, Head of Ecosystem Development at Sui Foundation, emphasized the advantages of this integration, stating, “Native USDC grants the Sui community easy access to one of the world’s most stable digital currencies.”
The launch witnessed immediate protocols incorporating native USDC on day one, including Aftermath Finance, Cetus, DeepBook, and several others, further signaling robust adoption.
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.