Circle's Jeremy Allaire Announces Native USDC on Sui Network, Boosting Liquidity

Sep 17, 2024, 05:49 AM

Circle, led by Co-Founder and CEO Jeremy Allaire, has announced that its USD Coin (USDC) will be integrated natively on the Sui Network. This integration aims to enhance liquidity across the blockchain and strengthen Sui Network's DeFi capabilities. The move is expected to attract more users to the growing network. Circle will use the Cross-Chain Transfer Protocol (CCTP) to facilitate easier movement of USDC between different networks. Another big announcement is expected soon that may bring a huge retail brand into the Sui Network.