Circle has announced the integration of USDC on Sui Network, marking a significant step towards simplifying the use of stablecoins in blockchain applications using the Move language.
Launch of Native USDC on Sui Network
Sui Network, which employs the Move programming language, has become the first blockchain platform to support native USDC. This reduces the hassles of asset exchange and provides direct access to USDC, enhancing liquidity and attracting new developers.
Value of Listing USDC on Sui by Coinbase
Coinbase plans to list USDC on Sui, a significant step for investors using digital currencies as a reliable form of currency and payment.
Regulatory Changes and Impact on Stablecoins
Coinbase will cease support for non-compliant stablecoins reflecting the shifts in European MiCAR regulations. Anticipated changes in US cryptocurrency regulation could significantly impact stablecoins.
The integration of USDC on Sui Network and regulatory changes could bring significant shifts to the digital asset landscape, enhancing their use and opportunities.