CandleFocus Blockchain Sui to add support for native USDC
2024-09-17
Author: Content Editor
Sui Network, a layer-1 blockchain, has announced that it will integrate native USD Coin (USDC) and the Cross-Chain Transfer Protocol (CCTP) to improve its scalability and interoperability. This integration will enable users and developers to utilize USDC for digital dollar-backed financial products in various sectors, including decentralized finance, gaming, and e-commerce. Sui will collaborate with ecosystem apps to gradually transition liquidity from bridged USDC to native USDC, while Wormhole's Portal bridge will continue to operate as usual. This move comes shortly after Grayscale added Sui Trust to its offerings and amidst Sui's rebound in total value locked.
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