#Coinbase is the first to support $SUI native USDC, which is definitely a milestone! As TVL and on-chain activity continue to rise, who will be the next big firm to follow? @binance? @okx? @bybit? đ
Why is native USDC so important? đ€
âą Directly issued by @circle, 1:1 anchored to the US dollar
âą No need for cross-chain bridging, lowering the threshold for use
âą Provide institutional-level access to improve liquidity
âą Faster transactions and lower fees
Tip: While bridged USDC is interchangeable with native USDC, Coinbase only supports the native version!
Regarding exchange, cross-chain USDC (such as wUSDC transmitted through wormhole) can be exchanged for native USDC on Sui in the following ways
Through the exchange services provided by some DeFi protocols or wallet services, wUSDC can be exchanged for native USDC directly on these platforms.
Directly on an exchange or wallet that supports Sui: If an exchange or wallet supports the Sui network, users may be able to exchange or otherwise convert directly on these platforms.
Native usdc (USDC) contract:
0xdba34672e30cb065b1f93e3ab55318768fd6fef66c15942c9f7cb846e2f900e7::usdc::USDC
Bridge usdc contract (wUSDC):
0x5d4b302506645c37ff133b98c4b50a5ae14841659738d6d733d59d0d217a93bf::coin::COIN
đ As the ecosystem becomes increasingly complete, we are still optimistic about the future development of $SUI and look forward to witnessing more breakthroughs!
#Crypto #DeFi