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Circle’s USDC Stablecoin to Launch on Sui Network

Twitter icon  •  Published 3 months ago on September 19, 2024  •  Hassan Maishera

On Wednesday, the Sui team announced via X that Circle’s USDC stablecoin will launch on the Sui network.

Circle’s USDC Stablecoin to Launch on Sui Network

On Wednesday, the Sui team announced via X that Circle’s USDC stablecoin will launch on the Sui network. Furthermore, the Cross-Chain Transfer Protocol (CCTP) will launch on Sui, enabling developers to build cross-chain flows from other chains (like Solana, Ethereum, and more).

Sui will be the first blockchain-based on the Move programming language to support native USDC and CCTP. With no need to lock up liquidity, CCTP provides a highly secure and capital-efficient way to transact with USDC across supported blockchains.

Sui is a Layer 1 blockchain designed to provide top-notch developer and user experiences backed by robust technological foundations. SUI is up 15% in the last 24 hours, trading at $1.3657 per coin. 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.