Sui Launches Native USDC, Enhancing DeFi Opportunities with Direct Integration

Sui has officially launched native USDC. This makes it the first blockchain using the Move programming language to do so. Sui is a layer-one blockchain known for its impressive performance and unlimited scaling capabilities. In partnership with Circle, the issuer of USDC, Sui has integrated this stablecoin directly into its network.

With this integration, Sui users can now access one of the most popular stablecoins as a native asset. This simplifies the process and removes the complexities and risks that come with bridged assets. Users can enjoy better liquidity and security through direct on-chain representation. There’s no need to rely on external bridges anymore. This change reduces the risks associated with canonical or lock-and-mint bridges, making asset transfers safer.

Additionally, the upcoming cross-chain transfer protocol (CCTP) will allow users to move USDC seamlessly across supported blockchains. This means transferring assets between networks, including Sui, will be quick and secure.

The launch of native USDC opens up exciting opportunities for decentralized finance (DeFi) applications on the Sui Network. Protocols can now use native USDC to enhance liquidity, reduce friction, and improve user experiences.

Jameel Khalfan, who leads ecosystem development at the Sui Foundation, shared that this integration will bring major benefits to both developers and users. He emphasized that native USDC gives the Sui community easy access to one of the world’s most stable digital currencies, unlocking endless possibilities for the ecosystem.

On the first day of the launch, several protocols on Sui integrated native USDC. These include Aftermath Finance, Cetus, DeepBook, FlowX, Hop, Kriya, Navi Protocol, Scallop, Suilend, Sui Wallet, Turbos, Typus, and 7K. Many of these protocols offer swaps from bridged USDC to the new native token.