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Circle plans on launching the USDC stablecoin on Sui sometime soon, according to Circle CEO Jeremy Allaire.

The revived MoviePass unveiled plans to integrate USDC via Sui to pay for subscriptions, plus the Sui Foundation has taken an equity stake.

Circle announced that USDC will soon be supported on the Sui blockchain, and will improve the network's security, usability, and interoperability.

The move allows the direct conversion of Reas and Pesos into USDC, omitting the need to convert the fiat currencies into USD.

Singapore, Singapore, 17th September 2024, Chainwire

The Sui Network is set to integrate USDC, enhancing DeFi utility and interoperability through increased liquidity and streamlined transactions.

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.

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.

Circle has partnered with Sony's blockchain to increase USDC adoption on the Soneium L2 network. The Bridged USDC Standard enables Web3 producers to make safe, digital dollar payments.

Circle is "thrilled to partner with Sony Block Solutions Labs to reimagine how innovation thrives in the digital economy,” said CEO Jeremy Allaire.

Circle, the issuer of the USDC stablecoin, partners with Japanese giant Sony to revolutionize the economy of digital creators. This strategic alliance aims to integrate USDC on Soneium, Sony's new blockchain, thus opening new perspectives for Web3.

TL;DR Circle and Sony Block Solutions Labs partner to integrate USDC on Soneium, Sony's Ethereum Layer-2 blockchain, enabling seamless, secure, and borderless transactions. The integration will use the Bridged USDC Standard, ensuring flexibility for future upgrades to native issuance.

Circle and Sony Block Solutions Labs announce a partnership to integrate bridged USDC on Sony's new Ethereum layer 2 blockchain

The ecosystem of Layer 2 on Ethereum adds the new standard Bridged USDC.

Circle is looking to extend the use of its USDC stablecoin to the new high-flying Ethereum layer-2 blockchain network, Soneium, according to a Sept. 16 statement shared with CryptoSlate.

Circle partners with Sony Block to integrate Bridged USDC Standard. Soneium aims to simplify blockchain experiences, empowering developers.