The Sui Network announced the launch of native $USDC on its platform during Token 2049 in Singapore.
Having native $USDC on the Sui Network eliminates the need for bridging and offers advantages for the Sui ecosystem, including a positive impact on DeFi, gaming, commerce, cross-border payments, and more.
Circle's Cross-Chain Transfer Protocol (CCTP) will also be available on the Sui Network, allowing for secure $USDC transfers between Sui and supported blockchains.
The launch of native $USDC and CCTP on the Sui Network has contributed to a surge in the price of the $SUI token, which has seen a 505% increase since the start of Suitember.