Sui Network is set to add
native USDC through the incorporation of the
NAVI protocol, increasing the stablecoin's application in
DeFi growth and offering new opportunities for users to earn yield. The integration is expected to boost
SUI's value and liquidity as, since the announcement, SUI has already seen a 115% monthly gain.
Coinbase and
Binance have shown support for this venture, with the latter planning to autoconvert certain tokens to USDC.
Circle, the issuer of USDC, is expanding its stablecoin's reach not only in new geographies including Australia but also across different blockchains such as those of Sony and Sui.
BBVA in Switzerland has added support for USDC for its crypto asset services, further validating USDC’s place within the traditional financial system. The constant competition for
stablecoin dominance continues, particularly between
USDC and USDT, but recent trends suggest USDC may be gaining the upper hand, largely due to its commitment to compliance. However, possible
SEC scrutiny over USDC could pose a threat to Circle's upcoming IPO.
USDC Coin News Analytics from Mon, 18 Dec 2023 08:00:00 GMT to Wed, 09 Oct 2024 18:27:00 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor 4
