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The collaboration between Sui and Circle to introduce native USDC is set to revolutionize the DeFi ecosystem. With the widespread use of stablecoins in various DeFi protocols, including cross-chain transfers, liquidity provision, and lending platforms, having native USDC on Sui can greatly enhance its competitiveness. Circle's CCTP protocol, designed for seamless cross-chain transactions, will allow users to transfer native USDC between different blockchain networks effortlessly. This move not only increases the liquidity in the Sui ecosystem but also improves cross-chain interoperability, ultimately attracting more institutional investors and stabilizing Sui's position as a leading Monolithic high-performance public chain.
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