The Sui team announced on Wednesday via the X platform that Circle’s USDC stablecoin will be launched on the Sui network. This development aims to expand the Sui network’s usability and provide more liquidity to its users. However, given the uncertainties and regulatory pressures experienced in the market, it seems unlikely that such innovations will have the desired impact in the short term. In particular, the increasing scrutiny of cryptocurrencies by global regulators poses significant risks to market players.