On July 24, 2025, the Sei Network launched a significant upgrade: the launch of native USDC and Circle’s Cross-Chain Transfer Protocol (CCTP V2). This event marks a significant technical breakthrough for Sei and confirms its ambition to become a core infrastructure in cross-chain finance.
Technical Innovations: From Bridges to Native Assets
The launch of native USDC on Sei removes the trust issues tied to traditional bridging. Now, Circle issues USDC directly on Sei, allowing users and developers to access a reliable stablecoin directly from Circle. Native USDC is fully compatible with Sei's parallelized EVM environment, facilitating smart contract development across DeFi, gaming, and payment applications. It also mitigates slippage risks in liquidity pools and significantly enhances capital efficiency.
CCTP V2 Empowers Sei with Seamless Cross-Chain Functionality
The launch of CCTP V2 further bolsters Sei’s technical advantages. The protocol employs a 'burn-and-mint' mechanism to enable USDC to move across 13 leading blockchains, including Ethereum and Solana. CCTP V2 offers 156 supported transfer routes, avoiding liquidity pool needs and eliminating slippage issues. The 'Fast Transfer' feature reduces settlement time to seconds, greatly accelerating transaction processes.
Ecosystem Growth: Sei's Explosive Expansion
The launch of native USDC marks a shift towards a more reliable and efficient infrastructure for Sei. With the migration from USDC.n, users will benefit from utilizing native USDC, improving liquidity in the ecosystem. This enhancement will allow developers to create more efficient DEXs or lending protocols while providing users with lower costs and faster settlements.
With the launch of native USDC and CCTP V2, Sei lays a strong foundation for development as a cross-chain finance hub. The upgrade opens new opportunities for developers and users in the blockchain realm, allowing Sei to stand out in the high-performance market.
