Sei to Integrate Native USDC and CCTP V2 Enhancing Cross
The Which mainstream blockchains can issue digital collectionsSei Development Foundation has announced a significant upgrade to its blockchain infrastructure with the integration of native USDC and CCTP V2. This move is expected to enhance the ecosystems capability to facilitate seamless cross-chain value flows, according to a recent announcement by Sei.
Why This Matters
Since the launch of Sei V2, the ecosystem has witnessed a remarkable 3691% surge in daily EVM transactions and a 794% increase in Total Value Locked (TVL). The introduction of native USDC is anticipated to propel Sei from a high-performance chain to a cross-chain liquidity hub, further expanding its capabilities.
This development is more than just integrating another stablecoin. It introduces significant infrastructure that enables cross-chain transfers across 13 blockchains with 1:1 capital efficiency, direct institutional on-ramps through Circle Mint for eligible users, and frictionless user experiences previously unattainable with bridged assets.
Implications for Developers
Currently, USDC on Sei is available through Noble via IBC, which lacks the ERC-20 composability and regulatory features necessary for next-generation applications. The new upgrade will bring native USDC and CCTP V2 on Sei‘s EVM, providing access to the world’s largest regulated stablecoin, full ERC-20 standard compatibility, and built-in cross-chain transfers via CCTP V2.
This integration is set to benefit developers building DeFi protocols, gaming economies, or payment rails, offering a stable foundation for users.
The Migration Path
The Sei Development Foundation, in collaboration with Circle, plans to facilitate a smooth transition from USDC for Sei via Noble to native USDC. While USDC for Sei via Noble will remain functional post-launch, a migration plan will be developed to gradually shift liquidity to the native USDC on Sei.
Looking Forward
Sei aims to be more than just the fastest L1; it seeks to be a crucial infrastructure component for cross-chain finance. With features like sub-second finality and parallel execution, the integration of native USDC removes the last barriers between speed and liquidity.
The Sei Development Foundation encourages stakeholders to stay tuned for more details on the launch and integration guides. The upcoming changes promise a future where finance is not only fast but also interconnected.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
相关推荐
- US Treasury Removes Controversial Crypto Tax Rule
- Shiba Inu Shows Breakout Potential Days After Golden Cross
- Senate Picks a Pro
- BDAG’s Sports Deals Drive $335M Presale, ETH Turns Bullish & HYPE Surges
- Bhutan Government Moves $23.7M in Bitcoin to Binance as BTC Hits Record Highs
- Robinhood launches ETH, SOL staking services for US users with $1 minimum
- MARA Appoints Nir Rikovitch as New Chief Product Officer
- BlackRock Unveils Astounding Shift: More Ethereum Than Bitcoin Acquired