Circle Web Monetary has expanded the attain of USD Coin, its dollar-backed stablecoin, by deploying native USDC and the upgraded Cross-Chain Switch Protocol (CCTP) v2 on the Sei Community
Circle Web Monetary has expanded the attain of USD Coin, its dollar-backed stablecoin, by deploying native USDC and the upgraded Cross-Chain Switch Protocol (CCTP) v2 on the Sei Community. The activation, accomplished on 24 July, provides Sei customers direct entry to USDC and lets builders transfer the token throughout 13 supported blockchains with out the wrapped property usually utilized in bridges. Sei, a high-speed layer-1 chain, has drawn greater than 200 functions and lifted complete worth locked to about $600 million, a 188% enhance since January.
Circle stated on 31 July that it’s going to carry the identical native USDC and CCTP v2 stack to Hyperliquid, a performance-focused blockchain whose ecosystem already holds roughly 70% of the USDC circulating on Arbitrum. Property beneath administration on Hyperliquid climbed from $4 billion to $5.5 billion in July, in accordance with platform figures. Native integration will permit direct deposits and withdrawals of USDC and open the way in which for cross-chain buying and selling, funds and treasury functions on Hyperliquid’s HyperEVM smart-contract layer.
The back-to-back integrations deepen Circle’s footprint throughout rising blockchains as the corporate prepares for a long-anticipated preliminary public providing. Broader native help is meant to make USDC extra enticing to builders and establishments, reinforcing its place in a stablecoin market that has turn out to be a key liquidity layer for decentralized finance.
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