Circle Launches Native USDC on Sui Blockchain
2024-10-09


Circle has announced the launch of native USDC on the Sui blockchain, making it accessible on Sui Mainnet without the need for bridging. Circle Mint and Circle APIs now fully support USDC on Sui, allowing developers and users to access USDC liquidity through Sui’s fast and secure infrastructure.
Unlike the bridged wUSDC version from Ethereum, native USDC is issued directly by Circle and is fully compatible with Circle’s ecosystem, supporting a 1:1 redemption for US dollars. Developers are encouraged to integrate native USDC into their projects and migrate from the bridged version where applicable.
SUI Info
Sui is a first-tier blockchain designed to address certain challenges associated with Web3.
One of the major innovations offered by Sui is parallel transaction execution. On other platforms that process smart contracts, transactions are executed one at a time, usually in the order they are received. This leads to longer processing times. However, the Sui blockchain accepts transactions in parallel, and simple operations bypass consensus, allowing them to be completed almost instantaneously.
The Sui network supports smart contracts through the Sui Move language, which is an upgraded version of the Move language. Move is a programming language based on the popular Rust language and prioritizes fast and secure transaction execution.
SUI is the native token of the Sui blockchain. Tokens can be used for staking and as payment for gas fees in the Sui PoS network.