#NEAR Protocol (NEAR) has experienced a surge in price, nearly doubling in value over the past week. This positive trend comes as NEAR prepares to be one of the few crypto-related firms presenting at #Nvidia's upcoming #AI conference.
Analyst Insights:
Experts believe NEAR's presence at the conference could spark significant interest from the AI community. NEAR's focus on scalability and ease of use aligns well with the growing demands of AI applications on #blockchains.
Recent Developments:
The NEAR Foundation recently addressed the undercollateralization issue with the USN stablecoin. They allocated $40 million for a "protection program" and are urging a wind down of USN.
What to Watch:
NEAR's presentation at Nvidia's conference could be a defining moment for the protocol.Continued growth in active wallets on NEAR blockchain applications is another positive indicator to monitor.
Overall, the NEAR ecosystem appears to be gaining momentum. With a strong showing at the AI conference and ongoing development efforts, NEAR could be poised for further price increases.
Disclaimer: This information is for informational purposes only and should not be considered investment advice. Please conduct your own research before making any financial decisions.
#BNBChain $NEAR

Circle has introduced native USDC on the Sui blockchain, giving developers and users direct access to USDC without relying on bridges. This launch supports Circle’s multi-chain approach, utilizing Sui’s features for fast, secure, and scalable applications.

USDC Goes Native on Sui Chain
Circle explained that the native integration of $USDC on $SUI enables developers to build decentralized applications (#Dapps ) on the layer one (L1) blockchain without needing third-party bridging solutions. #USDC✅ issued on #SUI🔥 will be redeemable 1:1 for U.S. dollars, providing developers with a stable, dollar-backed asset for creating financial products.

According to Circle, this move differentiates native USDC from bridged tokens like wUSDC, which were previously used on Sui but are not issued by Circle nor redeemable through its APIs. Sui, developed by Mysten Labs, is a versatile blockchain built on the Move programming language, designed to support high-throughput decentralized finance (#DEFİ ), gaming , and ecommerce applications.

In the blog post announcement, the stablecoin issuer highlighted that more than 85 applications are currently in development on Sui, aiming to offer scalable infrastructure for developers. Circle anticipates that the introduction of USDC will enhance liquidity across various services and use cases on the network.

The announcement follows the increasing adoption of bridged USDC on Sui, facilitated by Wormhole, a cross-chain messaging protocol. Circle noted that native USDC will operate alongside Wormhole’s bridged 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 native USDC transfers across #blockchains.