Demex Daily #242: Sui Launches Native USDC and CCTP to Enhance Liquidity and Growth

What’s Interesting Today:

Sui, a Layer 1 blockchain, is set to launch Circle's native USDC and Cross-Chain Transfer Protocol (CCTP), becoming the first blockchain using the Move programming language to support these protocols. This integration enhances Sui's security, utility, and interoperability, while bringing more liquidity to its ecosystem, which already boasts nearly $700 million in Total Value Locked (TVL). Native USDC will support various use cases like DeFi and gaming. Sui will gradually transition liquidity from bridged to native USDC, marking a key milestone in its ecosystem's growth.

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TON Foundation has partnered with Curve Finance to launch a stable swap project on The Open Network (TON) blockchain. Using Curve's Constant Function Market Maker (CFMM) technology, the initiative aims to improve stablecoin swaps by reducing price volatility and slippage, making trading more efficient. The project will be developed by an independent team, with Curve Finance’s founder Michael Egorov acting as an advisor. This collaboration enhances the stablecoin trading experience on TON and accelerates blockchain adoption.

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