SEI Rallies 24% as USDC and CCTP V2 Set to Launch on Sei Network
The post SEI Rallies 24% as USDC and CCTP V2 Set to Launch on Sei Network appeared on BitcoinEthereumNews.com.
The SEI token surged 24% after Sei Network announced plans to integrate native USDC and CCTP V2 from Circle. The price jump reflects rising investor confidence in Sei’s cross-chain and DeFi infrastructure plans. Another major move comes from Sei Network. After previously making headlines for its impressive surge in transactions and TVL, this time they’re preparing two key upgrades that are already lighting up the market: a native version of USDC and Circle’s CCTP V2 protocol. This announcement isn’t just about technical features—it’s about clearing the way for digital dollars to soon flow into one of the fastest-growing blockchains. Native @USDC and CCTP V2 by @circle are coming to @SeiNetwork, bringing the world’s largest regulated stablecoin to the fastest L1 blockchain. Markets Move Faster on Sei. pic.twitter.com/yUag5dP5vW — Sei (@SeiNetwork) July 10, 2025 In recent months, stablecoins have become a crucial part of DeFi infrastructure, including on Sei Network. Interestingly, 82% of Sei’s total $231 million stablecoin supply is still based on bridged USDC. This creates challenges in efficiency and user trust. Now, with the introduction of a native version issued directly by Circle, users no longer need to rely on third-party bridging solutions. And yes, this not only streamlines transactions but also strengthens SEI’s role as a gas and staking asset—indirectly driving the token’s price to surge 24% in the last 24 hours. Faster Transfers, Bigger Ecosystem, and a DeFi Surge Furthermore, the CCTP V2 protocol will enable near-instant and efficient cross-chain USDC transfers, leveraging over 150 already active inter-blockchain channels. This will be another great option for developers and market participants looking to avoid high fees or delays. And because Sei also adopts the ERC-20 standard, all of this is even easier to combine with DeFi tools already commonly used on Ethereum. Furthermore, recent figures show that the Sei…
Filed under: News - @ July 11, 2025 1:20 pm