Today marks a major milestone for the Sui ecosystem—native USDC is now live on Sui Mainnet. As one of the most widely used stablecoins, USDC brings stable value transfer and liquidity to the growing Sui ecosystem.
With Sui’s DeFi TVL surging past $1 billion, the time is ripe for more stablecoin liquidity on the network. USDC’s arrival paves the way for further growth as Sui continues to shape the future of a decentralized internet.
Additionally, Cross-Chain Transfer Protocol (CCTP) will be available soon, further enhancing the interoperability of USDC on Sui. CCTP enables efficient movement of USDC between supported blockchains, including Sui. CCTP on Sui will provide powerful composability with greater safety for builders.
Getting Started with USDC on Sui
There are a few ways users can access native USDC on Sui:
- Circle Mint: Eligible businesses and distributors with Circle Mint accounts can directly access and redeem USDC through Circle Mint, the fastest and most cost-efficient method.
- DEX Swaps: Swap assets for USDC via one of the many decentralized exchanges (DEXes) built on Sui.
- Exchanges: Purchase USDC from exchanges supporting USDC on Sui, such as 👉 Coinbase.
Important Note: Users should not send bridged wUSDC on Sui to Circle, Coinbase, or any other centralized exchanges (CEXs) that support native USDC on Sui.
DeFi Protocols Supporting USDC
From day one, the following DeFi protocols will support USDC on Sui:
- 7k
- Aftermath
- Cetus
- DeepBook
- FlowX
- Hop
- Kriya
- Navi Protocol
- Suilend
- Turbos
- Typus
👉 Explore these protocols to leverage USDC in your DeFi activities.
Opportunities for Builders
Native USDC on Sui offers builders the chance to integrate the largest regulated dollar-backed stablecoin into their products. This integration can unlock new opportunities in DeFi, gaming, and commerce. Developers interested in integrating USDC can refer to Circle’s developer documentation for guidance.
Future Prospects
The launch of native USDC on Sui is just the beginning. As Sui grows, USDC will play a pivotal role in unlocking new possibilities across DeFi, gaming, and commerce. With its innovative platform, cross-chain interoperability, and thriving ecosystem, Sui is poised to drive the next wave of blockchain innovation.
FAQs
Q: How can I acquire USDC on Sui?
A: You can obtain USDC through Circle Mint, decentralized exchanges (DEXes), or supported centralized exchanges like Coinbase.
Q: What is CCTP, and how does it benefit Sui users?
A: Cross-Chain Transfer Protocol (CCTP) enables seamless movement of USDC between supported blockchains, enhancing liquidity and interoperability for Sui users.
Q: Can I send bridged wUSDC to centralized exchanges?
A: No. Bridged wUSDC should not be sent to centralized exchanges supporting native USDC on Sui.
Q: Which DeFi protocols support USDC on Sui?
A: Protocols like Aftermath, Cetus, and Suilend are among the first to support USDC on Sui.
Q: Why is USDC important for the Sui ecosystem?
A: USDC provides stable liquidity, enabling smoother transactions and fostering growth in DeFi, gaming, and commerce on Sui.
Q: Where can developers find resources for integrating USDC?
A: Circle’s developer docs offer comprehensive guidance for integrating USDC into applications.
Disclaimer: This content is for educational purposes only and does not constitute financial, legal, or tax advice.