🧵 Native $USDC is now live on @SuiNetwork!

Sui is a layer-1 blockchain designed for scalability, speed, and affordability and the first using the Move programming language to support native USDC!

Learn how developers are using USDC in the Sui ecosystem. 👇

circle.com/blog/now-avail… 2/ Powering new use cases with $USDC

✅ Build dollar-backed financial products across DeFi, gaming, DePIN, ecommerce, and more
✅ Create new and innovative DeFi apps
✅ Hold savings in digital dollars without needing a traditional bank account

1/ All aboard the #CCTP express, Cross-Chain Transfer Protocol is now live on @Solana mainnet!

Developers and their users can now move $USDC securely between 8 blockchains with 1:1 capital efficiency.

Learn more about use cases and our ecosystem partners 👇 2/ #CCTP enables secure $USDC transfers between blockchains via a native burn-and-mint process.

With CCTP, @Solana_devs can build cross-chain onboarding flows by enabling users to deposit USDC directly from @Ethereum and other supported networks.

circle.com/cctp

1/ Circle is launching USDC natively on @arbitrum on June 8th!

Keep scrolling or read the blog to learn more about this launch and how to migrate liquidity from “bridged USDC” to native USDC. medium.com/@arbitrumfound… 2/ USDC issued by Circle will be native to Arbitrum and will be considered the official version of USDC for the Arbitrum ecosystem. Over time, native USDC liquidity will grow and replace the currently circulating “bridged USDC” liquidity that comes from Ethereum.

1/ Today marks a new milestone! Cross-Chain Transfer Protocol (#CCTP) is now on mainnet for @ethereum and @avax. circle.com/en/cross-chain… 2/ #CCTP removes the need to bridge $USDC via traditional lock-and-mint approaches, improves liquidity across the blockchain ecosystem, and enables developers to provide their users a seamless and secure experience moving USDC natively across chains. circle.com/en/pressroom/c…

1/Dev Docs for Cross-Chain Transfer Protocol are officially here 🔥

#CCTP eliminates the need for conventional "lock-and-mint" bridges that fragment liquidity & allows devs to provide users a more capital efficient way to transfer $USDC

So how does it work? 👇 2/ Burn $USDC on the source chain:

User initiates transfer of #USDC through an app from one chain to another, and specifies the recipient wallet address on the destination chain. The app facilitates a burn of USDC on the source chain.

1/ Announcement alert at #ConvergeSF22 🚨We are excited to share the news around Circle’s all-new Cross-Chain Transfer Protocol to support USDC interoperability for developers & their users 🙌 2/ Cross-Chain Transfer Protocol is permissionless and enables USDC to be sent natively across ecosystems, improving liquidity and reducing fragmentation of bridged assets 💪

1/ Another exciting announcement just shared at #ConvergeSF22 👀 we intend #USDC to be available on @arbitrum @cosmos @NEARProtocol @optimismFND @Polkadot 2/ The addition of USDC in these ecosystems makes it even easier for developers to build new apps for users to send, spend, and exchange money around the globe.

1/ #ConvergeSF22 is here! 🔥

We’re kicking the morning off on the Main Stage with @jerallaire chatting with @VitalikButerin on all things #crypto and perspectives from Wall Street with @kevinolearytv hosted by @AngieTVLau of @Forkast_News 2/ On the Inclusion track, hear from high-profile speakers like @ChrisBrummerDr of @GeorgetownLaw and Professor @rogercaruth, J.D., Ph.D. of @HowardU on the essential task of catalyzing digital financial literacy around the world

1/ Introducing Verite, an open-source framework for decentralized identity. 🧵👇hubs.li/Q014mQgy0 2/ The Problem

Participating in #DeFi is a challenge for institutions and other entities who need to ensure they’re transacting with counterparties they can trust.