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Circle has announced its decision to launch its USD Coin (USDC) on the Sui network, a move that has promptly propelled the price of Sui (SUI) cryptocurrency. This initiative marks a continuation of USDC's expansion across multiple blockchain platforms, now totaling sixteen with the addition of Sui.
TL;DR USDC on Sui Network: Circle CEO Jeremy Allaire announced that USD Coin (USDC) will soon be natively supported on the Sui network, enhancing its interoperability and functionality. What is USDC?: USDC is a stablecoin pegged to the US dollar, widely trusted, and used across over 15 blockchain networks, including Ethereum and Solana.
Jeremy Allaire, Circle's Co-founder, Chairman, and CEO, hinted that native USDC would launch on the SUI ecosystem. An official ambassador of the SUI network, Edle, confirmed that many users hesitated to bridge USDC or USDT from Ether to SUI due to slow speeds and high gas fees.
Circle has recently integrated USDC, its flagship stablecoin, into both Sony's Soneium, an Ethereum layer-2 solution, and the Sui blockchain.
Circle, the issuer of USD Coin (USDC), is expanding its stablecoin to the Sui network, a layer-1 (L1) blockchain platform.
With the first Fed rate cut coming in tomorrow's FOMC meeting, the change to a looser monetary cycle is beginning. Bitcoin and crypto are likely to be beneficiaries of this easing.
Stablecoin issuer Circle is expanding its native issuance of USD Coin (USDC) and deploying its Cross-Chain Transfer Protocol on the layer-1 blockchain Sui. In a Sept.
Users and developers on Sui will benefit from a more seamless experience with USDC.
The UDSC stablecoin will soon become natively supported on the Sui network through the Cross-Chain Transfer Protocol.
Sui Network announces plans to integrate native USDC and Cross-Chain Transfer Protocol
Sui will soon integrate native USDC and CCTP, boosting its blockchain's liquidity and cross-chain transaction capabilities.
SUI shows bullish potential with price momentum and growing ecosystem.
Becoming one of the top-performing cryptos last week, the SUI price continued a bullish trend for two weeks. As the demand for altcoins grows and the broader market recovery chances improve with the rate cut possibilities, buyers are lining up for SUI.
Sui (SUI) and Fantom (FTM) have demonstrated intriguing price movements following their respective consolidation phases. While Sui showcases bullish potential after integration upgrades, Fantom's rebound is tempered by cautious on-chain metrics.
Sui (SUI) price layer 1 blockchain, has recently experienced a notable increase in its market value. Over the last week, there has been a noticeable recovery in Sui's price.
Bitcoin's rally above $60,000 could trigger buying in FET, SUI, AAVE, INJ and other altcoins.
Sui, the popular Solana-killer, continued rising on Sunday, Sep. 15 as sentiment in the crypto industry improved. Sui (SUI) jumped to an intraday high of $1.10, its highest level since Aug.
There has been a looming concern about Ethereum's future, if whether the platform is gradually becoming obsolete. Despite being a leader in the blockchain space, Ethereum faces challenges, including a growing outflow of Ether (ETH) into other projects.
The crypto market regains momentum, with sentiment turning bullish. Amidst the excitement, another notable development is Grayscale's new investment product: XRP Trust. With investors now gaining exposure to the payment-based altcoin via a trust, is an ETF on the horizon? Meanwhile, interest shifts to Sui (SUI) and IntelMarkets (INTL) amid a jump in sentiment.
The BTC price surged 3.2% during the U.S trading session on Friday, nearly retesting the $60000 psychological level. A potential breakout from this resistance could accelerate the ongoing recovery and drive a rally to $70000.
Despite the favorable end in the SEC vs. Ripple lawsuit, investors are waiting for the US SEC's next step.
A widely followed analyst and trader is leaning bullish on an altcoin in the Ethereum (ETH) ecosystem while updating his outlook on three crypto assets.
Sui (SUI) surged 13% in one day, reaching $1.03, amid a broader recovery which started on September 3 and is up 23.6% on the week.
The altcoin market has been a focal point of attention, especially with growing signs of a turning point after a long period of sideways movement. After nearly 197 days of consolidation, market analysts are now predicting that the next week could be pivotal, not just for Bitcoin but particularly for altcoins.
