Circle has launched native USDC on the Sui blockchain, allowing developers and users to directly access USDC without relying on a bridge. This launch supports Circle’s multi-chain approach, leveraging Sui’s features for fast, secure, and scalable applications.
USDC Goes Native on Sui Chain
Circle explains that USDC’s native integration onSui allows developers to build decentralized applications (dapps) on the layer-one (L1) blockchain without the need for third-party bridging solutions. USDC issued on Sui will be redeemed 1:1 for US dollars, providing developers with a stable, dollar-backed asset to create financial products.
According to Circle, the move distinguishes native USDC from connected tokens like wUSDC, which were previously used on Sui but were not issued by Circle nor redeemable through its APIs. Sui, developed by Mysten Labs, is a general-purpose blockchain built on the Move programming language, designed to support high-throughput decentralized finance (defi), gaming, and e-commerce applications.
In the blog post announcement, the stablecoin issuer highlighted that more than 85 applications are currently being developed on Sui, aiming to provide scalable infrastructure for developers. Circle anticipates that the introduction of USDC will increase liquidity across various services and use cases on the network.
The announcement follows growing adoption of USDC tethered on Sui, powered by Wormhole, a cross-chain messaging protocol. Circle notes that native USDC will work alongside Wormhole’s tethered tokens, with plans underway to support migration from wUSDC to native USDC. Future developments include integration with Circle’s Cross-Chain Transfer Protocol (CCTP), designed to simplify the transfer of native USDC across blockchains.
What do you think about USDC being added to Sui natively? Share your thoughts and opinions on this topic in the comments section below.
