USDC Launches on Sui Network, Boosting SUI Price by 7.5%
Circle has launched its USD Coin (USDC) on the Sui network, driving a 7.5% surge in SUI's price. This brings USDC to 16 blockchain networks, expanding its influence in the crypto space.
$USDC Launch Boosts Sui
Circle's CEO announced that USDC will now be supported on Sui via the Cross-Chain Transfer Protocol (CCTP), enhancing interoperability and boosting Sui’s functionality and security. Known for using the Move programming language, Sui now offers more capabilities for developers and users with this integration.
USDC Expands Further
Originally launched on Ethereum, USDC continues to grow across multiple networks, including Algorand and Solana. Circle also plans to extend support to Soneium, a Layer 2 solution by Sony.
$SUI Price Surge
After the USDC launch, SUI’s price jumped 7.5% within 24 hours, signaling strong market approval.
