The Sui Foundation has announced that Circle's USDC stablecoin will be natively available on the Sui network, with the NAVI Protocol integrating it from the start. This integration, supported by $120 million in USDC liquidity, makes Sui the third-largest holder of USDC, after Aave and Compound. NAVI is Sui’s main decentralized finance and liquidity protocol. The addition of native USDC improves liquidity and enhances the user experience on the Sui ecosystem. Unlike bridged USDC, native USDC is directly issued on the blockchain and fully backed, ensuring users can exchange it for U.S. dollars easily and securely
