$USDC Stablecoin Expands to Sui Network with Cross-Chain Support
Circle’s $USDC stablecoin will soon be natively available on the Sui network, expanding its reach across multiple blockchains.
Key points:
- Native support: $USDC will be available on the Sui network via Cross-Chain Transfer Protocol (CCTP).
- Enhanced interoperability: CCTP enables seamless $USDC transfers across different blockchain networks.
- Faster transactions: Sui uses the Move programming language for parallel transaction processing.
- Reach: With Sui, $USDC will support more than 15 blockchain networks.
- Improved usability: The integration boosts Sui’s security, usability, and developer capabilities.
Circle Expands $USDC Stablecoin to Sui Network:
Circle’s $USDC stablecoin, one of the largest in the world, will soon launch on the Sui blockchain.
This new integration, enabled by the Cross-Chain Transfer Protocol (CCTP), expands $USDC’s reach to over 15 blockchain networks. CCTP simplifies $USDC transfers by burning and minting tokens directly on each network.
The Sui network, a layer-1 blockchain, processes transactions using the Move programming language. This allows it to handle tasks in parallel, which improves scalability and performance.
As a result, users and developers will benefit from faster, more efficient processes. Jeremy Allaire, Circle’s CEO, emphasized that this move strengthens Sui’s position as a leader among blockchain ecosystems.
Read more: Circle to Move Headquarters to New York City
The addition of Sui to $USDC’s list of supported networks, which already includes Ethereum and Solana, highlights Circle’s commitment to expanding its stablecoin’s availability across key blockchain platforms.
This integration is expected to increase the network’s overall usability and security, making Sui an attractive option for future projects.
