Sei blockchain is reportedly adding native USDC and CCTP V2 support. This means users will now have access to the largest regulated stablecoin in the world, and also makes it even easier to send money transfers across 13 blockchains.
According to the announcement by Circle, this is expected to help Sei become a much stronger and connected blockchain. Currently, USDC on Sei is provided via Noble through the Inter-Blockchain Communication (IBC) protocol.
While it works, it does not support all the features that developers and users want. For instance, it lacks ERC-20 compatibility and access to key features like Circle Mint. The new native USDC will fix this by giving full support, which will help investors move funds in and out of blockchain easily. With CCTP V2, users can move their USDC between chains without losing value, using 156 different routes.
The blockchain is already known for its ultra-fast performance. This year, its total value locked (TVL) has gone up 188%, from $208 million to $646 million as of July 10. Data from DefiLlama confirmed this.
In addition, the number of daily transactions also increased by over 3,600% since Sei V2 launched a year ago. More than 200 apps are now live on the network, and many developers are building new projects.
Also Read: Jack Ma’s Ant Group to Integrate Circle’s USDC for Blockchain Push
