Sui Network Set to Launch Native USDC with NAVI Protocol Integration
The Sui Foundation announced that Circle ’s USDC stablecoin will be available on the Sui network, with NAVI Protocol as the primary integration partner from day one. The move is backed by $120 million in USDC liquidity, making it the third-largest supply of USDC in the industry after Aave and Compound.
Improved Liquidity and User Experience
This integration has a significant impact on the Sui ecosystem by increasing liquidity and improving user experience. Native USDC is a stablecoin issued directly on the blockchain, as opposed to “bridged” USDC which relies on a third-party network to connect multiple blockchains. Native assets like these are fully backed by reserves and can be exchanged for US dollars, increasing trust and efficiency for users.
With this integration, the $SUI network will benefit from higher capital efficiency, as NAVI will introduce features such as flash loans and liquidity support. Users will also be encouraged to migrate from “bridged” USDC to native USDC, which offers a more seamless borrowing and lending experience.
