🚀 USDC To Launch On Sui Network
#USDC #SuiNetwork #stablecoin #blockchain #CCTP #Web3 #cryptocurrency #digitalcurrency #interoperability #Circle #MystenLabs #MoveProgramming #SuiEcosystem #SUI
According to Cointelegraph, USD Coin (USDC), the second-largest stablecoin by market capitalization, is set to be integrated into the layer-1 (L1) blockchain Sui network. This announcement was made by Jeremy Allaire, the co-founder and CEO of Circle, the issuer of USDC. Allaire shared the news on X on September 17, reposting an announcement from Sui network ambassador Stravia.sui111.sui.
As part of this integration, USDC will be natively supported on Sui through the Cross-Chain Transfer Protocol (CCTP). CCTP is a permissionless on-chain utility that facilitates USDC transfers between blockchain networks via native burning and minting. Launched in 2023, Sui is an L1 blockchain and smart contract platform designed to simplify and enhance the creation of applications and functions within the Web3 ecosystem. It utilizes the Move programming language and supports parallel transaction execution.
The integration of native USDC and CCTP is anticipated to enhance Sui’s usability, security, and interoperability for both users and developers. This sentiment was echoed in an announcement shared by the Sui Foundation. Adeniyi Abiodun, co-founder and chief product officer of Mysten Labs, the developer of the Sui network, stated that the availability of USDC as a native asset on Sui marks a significant milestone in the maturation of the Sui ecosystem. He emphasized that the combination of USDC’s technology with Sui’s capabilities provides the Sui community with seamless access to one of the world’s most trusted digital currencies, thereby solidifying Sui’s position as an industry leader.
Cointelegraph reached out to Circle for comments regarding the USDC launch on Sui but did not receive a response at the time of publication. This is a developing story, and further information will be provided as it becomes available.#USDC #SuiNetwork #stablecoin #blockchain #CCTP #Web3 #cryptocurrency #digitalcurrency #interoperability #Circle #MystenLabs #MoveProgramming #SuiEcosystem #SUI
🚀 Circle Announces USDC and CCTP Launch on Sui Network
#Circle #USDC #CCTP #SuiNetwork #Singapore #Testnet #developers #SUI
According to Odaily, Circle's co-founder and CEO Jeremy Allaire announced on the X platform that Circle has launched USDC and CCTP on the Sui Network in Singapore. The USDC Sui Testnet went live today, and Allaire expressed his excitement about the enthusiasm shown by developers at today's development meeting.#Circle #USDC #CCTP #SuiNetwork #Singapore #Testnet #developers #SUI
🚀 Circle CEO Announces AI Collaboration With Solana for 2025
#Circle #Solana #AI #USDC #Blockchain #Cryptocurrency #WalletInfrastructure #CrossChainTransfer #CCTP #TechCollaboration #SOL
According to BlockBeats, on September 20, Circle CEO Jeremy announced at the Solana Breakpoint conference that the company plans to collaborate with Solana in 2025 to introduce AI agents. These agents aim to enhance the flexibility and security of wallet infrastructure, improve the speed and stability of app and protocol interactions, and reduce transaction fees. Jeremy also highlighted that USDC currently supports 15 chains, with the Cross-Chain Transfer Protocol (CCTP) achieving a total transaction volume exceeding $12.6 billion and expanding to over 100 countries.#Circle #Solana #AI #USDC #Blockchain #Cryptocurrency #WalletInfrastructure #CrossChainTransfer #CCTP #TechCollaboration #SOL
🚀 Sui Bridge Integrates Circle's Cross-Chain Transfer Protocol for USDC Transfers
#SuiBridge #Circle #CrossChainTransfer #USDC #Interoperability #Blockchain #CCTP #Arbitrum #Avalanche #Base #Ethereum #Noble #OPMainnet #PolygonPoS #Solana #TransactionFees #CryptoTransfers #Stablecoin
According to Odaily, Sui Bridge has successfully integrated Circle's Cross-Chain Transfer Protocol (CCTP), enabling users to directly transfer the USDC stablecoin between Sui and eight other blockchain networks. This integration enhances the interoperability of USDC, allowing seamless transfers across multiple platforms.
The CCTP now supports secure one-to-one USDC transfers not only on the newly added Sui but also on Arbitrum, Avalanche, Base, Ethereum, Noble, OP Mainnet, Polygon PoS, and Solana. This development simplifies the process for users who wish to move USDC across different blockchain ecosystems. Users are required to pay transaction fees on both the origin and destination chains during cross-chain transfers.
The protocol operates by burning the original USDC on the source chain and minting new native USDC on the destination chain. This mechanism ensures that the value of USDC remains pegged to the US dollar, eliminating the need for currency conversion during the transfer process. The integration of CCTP into Sui Bridge marks a significant step in enhancing the utility and accessibility of USDC across various blockchain networks.#SuiBridge #Circle #CrossChainTransfer #USDC #Interoperability #Blockchain #CCTP #Arbitrum #Avalanche #Base #Ethereum #Noble #OPMainnet #PolygonPoS #Solana #TransactionFees #CryptoTransfers #Stablecoin
🚀 Circle Reports Significant Growth In USDC Transactions
#Circle #USDC #stablecoin #blockchain #cryptocurrency #financialinclusion #digitalwallets #CCTP #transactionvolume #growth
According to Odaily, stablecoin issuer Circle has released a report detailing the economic status of USDC. Over the past year, the issuance of USDC has increased by 78% year-on-year. The total historical transaction volume has surpassed $20 trillion, with November 2024 alone seeing a monthly transaction volume of $1 trillion. More than 500 million end users can access USDC through digital wallets and consumer applications. USDC facilitates financial access in over 180 countries, and the Cross-Chain Transfer Protocol (CCTP) has enabled the transfer of over $20 billion in USDC across supported blockchain networks.#Circle #USDC #stablecoin #blockchain #cryptocurrency #financialinclusion #digitalwallets #CCTP #transactionvolume #growth
🚀 Investigation Underway After $40 Million Crypto Attack
#CryptoAttack #Blockchain #Investigation #Arbitrum #Ethereum #SecurityBreach #CCTP #USDC #ARB #ETH
According to PANews, blockchain investigator ZachXBT reported on July 9 that attackers exploited a vulnerability to transfer $40 million from Arbitrum to Ethereum using CCTP. Despite the significant breach, $9 million USDC remained unfrozen for 1-2 hours following the attack.#CryptoAttack #Blockchain #Investigation #Arbitrum #Ethereum #SecurityBreach #CCTP #USDC #ARB #ETH
🚀 Plume Integrates USDC and CCTP V2 to Enhance Blockchain Transactions
#Plume #USDC #CCTP #RealWorldAssets #Circle #Stablecoin #pUSD #CrossChainTransferProtocol #MultiChain #OnChainFinance
According to Foresight News, Plume, a blockchain dedicated to real-world assets (RWA), has announced a partnership with Circle, a compliant stablecoin issuer. This collaboration will integrate native USDC and Cross-Chain Transfer Protocol (CCTP) V2 into the Plume network. The issuance of USDC on Plume allows users to access and trade USDC without relying on cross-chain assets. CCTP V2 facilitates seamless and secure cross-chain USDC transfers between supported blockchains, reducing friction in multi-chain asset flows.
Through the Plume ecosystem, users can mint Plume's native stablecoin, pUSD, using USDC for collateral and settlement in institutional-grade RWA transactions. Since its mainnet launch in June 2025, Plume has attracted over 180,000 asset holders and integrated more than 200 applications and protocols. The partnership with Circle is expected to enhance liquidity and compliance for Plume, accelerating the development of institutional-grade on-chain finance.#Plume #USDC #CCTP #RealWorldAssets #Circle #Stablecoin #pUSD #CrossChainTransferProtocol #MultiChain #OnChainFinance
🚀 Circle Expands USDC and Services to Monad for Enhanced DeFi Performance
#Circle #USDC #CCTP #CircleWallets #CircleContracts #Monad #DeFi #CrossChainInteroperability #DeveloperServices
According to ChainCatcher, Circle has announced that USDC, CCTP, Circle Wallets, and Circle Contracts are now available on Monad. This integration aims to provide secure, always-on settlement for high-performance decentralized finance (DeFi), seamless cross-chain interoperability, and enterprise-level developer services.#Circle #USDC #CCTP #CircleWallets #CircleContracts #Monad #DeFi #CrossChainInteroperability #DeveloperServices
🚀 Circle Launches Cross-Chain Transfer Protocol on Mainnet
#Circle #CrossChain #CCTP #Mainnet #Blockchain #Crypto #DeFi #TransferProtocol #CryptoNews #BlockchainTechnology #USDC
Circle has announced the launch of its cross-chain transfer protocol (CCTP) on the mainnet. According to Foresight News, this new feature aims to enhance the speed of end-to-end transmissions, reduce operational costs and third-party risks, and improve the experience for developers and users.#Circle #CrossChain #CCTP #Mainnet #Blockchain #Crypto #DeFi #TransferProtocol #CryptoNews #BlockchainTechnology #USDC
🚀 Circle Ventures Invests in Decentralized Futures Exchange edgeX
#CircleVentures #DecentralizedFuturesExchange #edgeX #USDC #CCTP #EDGEChain #Blockchain #Liquidity #RiskManagement #CrossChainTransfer
Circle Ventures has announced its investment in edgeX, a decentralized perpetual futures exchange. According to NS3.AI, Circle plans to introduce USDC and its Cross-Chain Transfer Protocol (CCTP) on EDGE Chain, a Layer 3 blockchain developed by edgeX. This strategic integration aims to facilitate native USDC transactions, enhancing liquidity and risk management on the edgeX trading platform.#CircleVentures #DecentralizedFuturesExchange #edgeX #USDC #CCTP #EDGEChain #Blockchain #Liquidity #RiskManagement #CrossChainTransfer
🚀 Pharos to Integrate Circle's USDC and Launch $10 Million Ecosystem Incubator
#Pharos #USDC #CCTP #Blockchain #CrossChain #EcosystemIncubator #Crypto #Mainnet #Interoperability #CryptoDevelopment
Pharos has announced plans to integrate Circle's USDC and Cross-Chain Transfer Protocol (CCTP) into its upcoming mainnet. According to NS3.AI, this integration aims to connect Pharos with over 20 other blockchains, enhancing interoperability. Additionally, Pharos has launched a $10 million ecosystem incubator program to support the development of projects within its network.#Pharos #USDC #CCTP #Blockchain #CrossChain #EcosystemIncubator #Crypto #Mainnet #Interoperability #CryptoDevelopment
🚀 Circle Faces Criticism Over Handling of Stolen USDC Transfers
#Circle #USDC #StolenFunds #Solana #Ethereum #CrossChainTransfer #CCTP #DriftProtocol #Exploit #DeFi #DeFiLlama #TVL #CivilDispute #HotWallets #BlockchainSecurity #ETH #SOL
Circle is under scrutiny following the movement of over $230 million in stolen USDC from Solana to Ethereum via the Cross-Chain Transfer Protocol (CCTP) during Drift Protocol's $285 million exploit. According to NS3.AI, the criticism has intensified as Circle froze the USDC balances of 16 unrelated corporate hot wallets on March 23 due to a civil dispute. Data from DeFiLlama indicates that Drift Protocol's total value locked (TVL) dropped to below $250 million after the attack.#Circle #USDC #StolenFunds #Solana #Ethereum #CrossChainTransfer #CCTP #DriftProtocol #Exploit #DeFi #DeFiLlama #TVL #CivilDispute #HotWallets #BlockchainSecurity #ETH #SOL
🚀 Arc Launches App Kits SDK with Cross-Chain Features
#Arc #AppKits #SDK #CrossChain #Blockchain #USDC #CCTP #CircleWallet #Crypto #DeFi #Developers #Web3
Arc has introduced its App Kits SDK, offering functionalities such as cross-chain bridging, token exchange, and on-chain transfers, all of which can be integrated with less than 10 lines of code. According to Foresight News, the App Kits are built on USDC, CCTP, and Circle Wallets, and are compatible with third-party wallets and developers' own RPC nodes. The SDK includes a built-in revenue-sharing mechanism, allowing developers to configure profit-sharing directly within the transaction process without needing to deploy separate contracts. App Kits are now available for free and support permissionless access.#Arc #AppKits #SDK #CrossChain #Blockchain #USDC #CCTP #CircleWallet #Crypto #DeFi #Developers #Web3