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Sui

$SUI
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Native USDC coming soon to Sui

Sui just announced, it’s bringing USDC and CCTP natively to the network.

You know:

  1. USDC is the heavyweight of dollar-backed stablecoins with a $35 billion market cap from Circle, as of Sep 17

  2. CCTP? The no-permission-needed tool for moving USDC securely between blockchains, making cross-chain transactions smoother and safer.

Developers can soon tap into native USDC for all kinds of digital dollar-backed products in DeFi, gaming, DePIN, and ecommerce.

Interesting excerpt from the article:

"...Sui’s thriving DeFi environment, according to DeFi Llama on September 17th, boasts almost $700 million in Total Value Locked (TVL), over $250 million in bridged USDC, and a top 10 ranking in weekly DEX trading volume..."

https://en.cryptonomist.ch/2024/09/17/sui-to-launch-circles-native-usdc-and-cctp/ Show Less

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