Summary
- Circle announced that SEI is planning to officially introduce native USDC and CCTP V2.
- They stated that if the SEI Network supports USDC, investors will be able to access USDC liquidity easily without a separate swap bridge.
- It was explained that with the introduction of CCTP V2, cross-chain USDC transfers are expected to become even faster and more efficient.
Layer 1 blockchain SEI is planning to officially introduce native USDC and the Cross-Chain Transfer Protocol (CCTP) V2.
On the 11th (local time), USDC issuer Circle announced via its official X (formerly Twitter), "The stablecoin USDC and CCTP V2 will soon be integrated into the SEI Network." Circle explained that by supporting USDC, users will be able to access USDC liquidity more easily, quickly, and safely without the need for a separate token swap bridge.
In addition, leveraging CCTP V2 will enable faster and more efficient USDC transfers between blockchains, including SEI. Cross-chain application development and liquidity routing are also expected to become significantly easier.
Meanwhile, CCTP is an on-chain utility that supports USDC transfers across blockchains, allowing transactions using USDC between various blockchains to proceed in a safer and more capital-efficient manner.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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