Sui Network Integrates Cross-Chain Transfer Protocol for USDC

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jQuery(document).click(function(event) { if (!jQuery(event.target).closest('.Lanhdropwdown').length) { jQuery(".Lanlistdrop").hide(); jQuery(".Langtext").removeClass("activelang"); jQuery(".Langtext i").removeClass("fa-angle-up").addClass("fa-angle-down"); } }); }); </script><div class="mh-container mh-container-outer"> <script type='application/ld+json'> { "@context": "https://schema.org/", "@type": "NewsArticle", "@id": "https://coingape.com/sui-network-integrates-cross-chain-transfer-protocol-for-usdc/#newsarticle", "url": "https://coingape.com/sui-network-integrates-cross-chain-transfer-protocol-for-usdc/", "inLanguage": "en-us", "headline": "Sui Network Integrates Cross-Chain Transfer Protocol for USDC", "mainEntityOfPage": "https://coingape.com/sui-network-integrates-cross-chain-transfer-protocol-for-usdc/", "datePublished": "2024-12-17T16:33:11+00:00", "description": "Sui Network successfully integrated Circle's CCTP, allowing users to securely move their USDC across Sui and nine other blockchain networks.", "articleBody": "HIGHLIGHTS Sui Network integrates CCTP for secure cross-chain USDC transfers. CCTP integration of Sui Network expands USDC transfers to nine blockchains. Sui Network's CCTP adoption fuels growth of cross-chain USDC transfers. Sui Network, aka Sui Bridge has succeeded in integrating Circle's Cross-Chain Transfer Protocol (CCTP), allowing users to securely move their USDC stablecoin across Sui and nine other blockchain networks.\r\n\r\nThis will significantly improve the interoperability and usability of USDC across multiple platforms.\r\nSui Network's USDC Upgrade: Frictionless Transfers, Endless Possibilities\r\nSui Network has integrated Circle's Cross-Chain Transfer Protocol, which allows users to safely transfer the USDC stablecoin between Sui and eight other blockchain networks.\r\n\r\nWith the integration, USDC further improves its interoperability to become freely transferable across several blockchain platforms.\r\n\r\nhttps:\/\/twitter.com\/jerallaire\/status\/1869041657276236167\r\n\r\nThe CCTP currently supports secure, one-to-one USDC transfers on Sui, along with Arbitrum, Avalanche, Base, Ethereum, Noble, OP Mainnet, Polygon PoS, and Solana. This feature easily enables users to move USDC between different blockchain ecosystems without the stress of currency conversion. As it goes on cross-chain transfers, transaction fees for sending and receiving chains generate an effective transfer. Sui has been one of the biggest gainers in the last week, gaining over 30% in only one day.\r\n\r\nThe protocol works by using the native burn-and-mint mechanism: the original USDC gets burned on the source chain, while new native USDC is minted on the destination chain. This way, the value of the USDC will always stay pegged to the US dollar. This integration requires no third-party liquidity or fillers, thus guaranteeing high capital efficiency and minimizing trust assumptions.\r\n\r\nCCTP's integration into Sui Bridge increases the utility of USDC, supporting a wide range of use cases across blockchain networks. For instance, developers can enable cross-chain onboarding for apps, users can withdraw $USDC on exchanges, and ecommerce stores can accept payments from multiple blockchains with ease.\r\nUSDC Bridges Connect a Multitude of Blockchains\r\nThe ecosystem now supports 72 unique routes for $USDC transfers, enabling many-to-many transactions between supported blockchains. Recently, Binance revealed that it entered into a strategic partnership with Circle Internet Group Inc. to boost global USDC and crypto adoption.\r\n\r\nWormhole enables the protocol across the Sui applications with Wormhole Connect-a embeddable widget for frictionless cross-chain transfers. Secondly, the Sui Bridge embeds Wormhole Connect, powered by the power of CCTP, making it easier to send $USDC directly to Sui. Portal supports the protocol, enabling fast and frictionless USDC via Wormhole Connect; Router provides support for Sui with CCTP-enabled better cross-chain bridging.\r\n\r\nInterport integrates the protocol into its developer tools and cross-chain bridge, allowing seamless USDC transfer. Mayan also supports CCTP and cross-chain bridging via Mayan Swap. Wanchain offers CCTP through its WanBridge, thus enabling developers to enhance their capabilities for cross-chain transfer.\r\n\r\nThese integrations further power dozens of apps, wallets, bridges, exchanges, and other ecosystem tools to use the protocol; it thus enables seamless, efficient, and secure $USDC transfers across a wide variety of blockchain platforms.\r\n\r\nIn addition, numerous ecosystem apps like AlphaFiSUI, Bluefin, CetusProtocol, Ensofi, KriyaDEX, SuiLendProtocol, and Turbos_Finance are already live with CCTP routes for Sui.\r\n\r\nThese integrations further show the increasing adoption of the protocol in facilitating seamless and secure cross-chain transfers for both developers and users across blockchain networks.\r\n\r\nWith the protocol's robust framework, Sui Bridge is paving the way for a more interoperable blockchain ecosystem that supports seamless, secure, and efficient USDC transactions.\r\n\r\n ", "keywords": "CCTP, Circle USDC, SUI Bridge, Sui Network", "author": { "@type": "Person", "name": "Teuta Franjkovic", "description": "Teuta is a seasoned writer and editor with over 15 years of expertise in macroeconomics, technology, and the crypto and blockchain sectors. She began her career in 2005 as a lifestyle writer for *Cosmopolitan* before transitioning to business and economic reporting for renowned outlets like *Forbes* and *Bloomberg*. Inspired by thought leaders like Don and Alex Tapscott and Laura Shin, Teuta embraced blockchain's potential, viewing cryptocurrency as one of humanity's most transformative innovations. Since 2014, she has specialized in fintech, focusing on crypto, blockchain, NFTs, and Web3. 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} } </style> <div class="singlearticles"> <article id="post-229792" class="post-229792 post type-post status-publish format-standard has-post-thumbnail hentry category-news category-altcoin-news tag-cctp tag-circle-usdc tag-sui-bridge tag-sui-network"> <div class="row bggraydient "> <div class="col-lg-8 tabwiths1 "> <header class="entry-header clearfix"> <div class="row"> <div class="col-lg-12 newtwst">  <div class="custom-page "> <div class="mobile-only text-center mb-2 headads">  <script type="rocketlazyloadscript" data-rocket-type="text/javascript"> var rnd = window.rnd || Math.floor(Math.random()*10e6); var pid610696 = window.pid610696 || rnd; var plc610696 = window.plc610696 || 0; var abkw = window.abkw || ''; var absrc = 'https://servedbyadbutler.com/adserve/;ID=180936;size=0x0;setID=610696;type=js;sw='+screen.width+';sh='+screen.height+';spr='+window.devicePixelRatio+';kw='+abkw+';pid='+pid610696+';place='+(plc610696++)+';rnd='+rnd+''; document.write('<scr'+'ipt src="'+absrc+'" type="text/javascript"></scr'+'ipt>'); </script> </div> <div class="breadcrumb breadcrumbPag mt-lg-0 mt-3"> <span><a href="https://coingape.com/">Home</a></span> / <span class="analytics_category"><a href="https://coingape.com/category/news/">News</a></span> / <span><a href="https://coingape.com/category/news/altcoin-news/">Altcoin News</a></span> / <span class="breadcrumb_last" aria-current="page">Sui Network Integrates Cross-Chain Transfer Protocol for USDC</span></span> </div>  <h1 class="c-title entry-title tittle">Sui Network Integrates Cross-Chain Transfer Protocol for USDC</h1> </div> <div class="postsummary"> Sui Network successfully integrated Circle's CCTP, allowing users to securely move their USDC across Sui and nine other blockchain networks. </div>  <div class="UpdateShares"> <div class="inlineshare border-0"> <div class="feactchk align-items-start"> <div class="writer-data"> <span class="bypost">By</span> <span class="auth-name"> <a href="https://coingape.com/author/teuta/"> Teuta Franjkovic </a> </span> <div class="publishby d-flex flex-lg-row flex-column"> 12 hours ago </div> </div> <div class="inlines"> <div id="social-ad-new"> <div class="social-text_new te_new" onclick="redirectOpen('telegram')" > <i class="fa fa-paper-plane-o"></i> </div> <div> <a class="social-text_new tw_new_logo" href="https://twitter.com/intent/tweet?text=https://coingape.com/sui-network-integrates-cross-chain-transfer-protocol-for-usdc/" target="_blank"> <img src="https://cdn.coingape.com/wp-content/uploads/2023/08/14164721/x-logo.png" class="mb-1" alt="twitter" width="30" height="30"/> </a> </div> <div class="social-text_new fb_new" onclick="redirectOpen('facebook')" > <i class="fa fa-facebook"></i> </div>  </div> </div> <div class="m-on text-center tWfollow titlebutton_tablet_css">  <style> .image-ads-title-button { display: block; 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s.async = true; s.type = "text/javascript";s.src = 'https://servedbyadbutler.com/app.js';var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n);}());}</script> <script type="rocketlazyloadscript" data-rocket-type="text/javascript"> var AdButler = AdButler || {}; AdButler.ads = AdButler.ads || []; var abkw = window.abkw || ''; var plc591992 = window.plc591992 || 0; document.write('<'+'div id="placement_591992_'+plc591992+'"></'+'div>'); AdButler.ads.push({handler: function(opt){ AdButler.register(180936, 591992, [728,90], 'placement_591992_'+opt.place, opt); }, opt: { place: plc591992++, keywords: abkw, domain: 'servedbyadbutler.com', click:'CLICK_MACRO_PLACEHOLDER' }}); </script> </div> <p>With the integration, USDC further improves its interoperability to become freely transferable across several blockchain platforms.</p><blockquote class="twitter-tweet" data-width="550" data-dnt="true"> <p lang="en" dir="ltr">Major launch for cross chain apps and services connecting EVM, Solana and Move ecosystems via CCTP. Let the liquidity flow! <a href="https://twitter.com/SuiNetwork?ref_src=twsrc%5Etfw">@SuiNetwork</a> <a href="https://t.co/X9m74OMmWm">https://t.co/X9m74OMmWm</a></p> <p>— Jeremy Allaire – jda.eth / jdallaire.sol (@jerallaire) <a href="https://twitter.com/jerallaire/status/1869041657276236167?ref_src=twsrc%5Etfw">December 17, 2024</a></p></blockquote><p><script type="rocketlazyloadscript" data-minify="1" async data-rocket-src="https://coingape.com/wp-content/cache/min/1/widgets.js?ver=1734164777" charset="utf-8"></script></p><div class="middleAdsInfinityMobile m-on"></div><div class="middleAdsInfinity d-on"></div><p>The CCTP currently supports secure, one-to-one USDC transfers on Sui, along with Arbitrum, Avalanche, Base, Ethereum, Noble, OP Mainnet, Polygon PoS, and Solana. This feature easily enables users to move USDC between different blockchain ecosystems without the stress of currency conversion. As it goes on cross-chain transfers, transaction fees for sending and receiving chains generate an effective transfer. Sui has been one of the biggest gainers in the last week, <a href="https://coingape.com/crypto-prices-today-december-12-btc-at-101k-sui-soars-30-ena-climbs-23/">gaining over 30% in only one day</a>.</p><p>The protocol works by using the native burn-and-mint mechanism: the original USDC gets burned on the source chain, while new native USDC is minted on the destination chain. This way, the value of the USDC will always stay pegged to the US dollar. This integration requires no third-party liquidity or fillers, thus guaranteeing high capital efficiency and minimizing trust assumptions.</p><p>CCTP’s integration into Sui Bridge increases the utility of USDC, supporting a wide range of use cases across blockchain networks. For instance, developers can enable cross-chain onboarding for apps, users can withdraw $USDC on exchanges, and ecommerce stores can accept payments from multiple blockchains with ease.</p><h2>USDC Bridges Connect a Multitude of Blockchains</h2><p>The ecosystem now supports 72 unique routes for $USDC transfers, enabling many-to-many transactions between supported blockchains. Recently, Binance revealed that it entered into a <a href="https://coingape.com/binance-stablecoin-issuer-circle-partner-to-boost-usdc-adoption/">strategic partnership</a> with Circle Internet Group Inc. to boost global USDC and crypto adoption.</p><html><body>  <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;" data-lazydelay="3000">  <script type="rocketlazyloadscript" data-rocket-type="text/javascript"> var rnd = window.rnd || Math.floor(Math.random()*10e6); var pid713627 = window.pid713627 || rnd; var plc713627 = window.plc713627 || 0; var abkw = window.abkw || ''; var absrc = 'https://servedbyadbutler.com/adserve/;ID=180936;size=0x0;setID=713627;type=js;sw='+screen.width+';sh='+screen.height+';spr='+window.devicePixelRatio+';kw='+abkw+';pid='+pid713627+';place='+(plc713627++)+';rnd='+rnd+';click=CLICK_MACRO_PLACEHOLDER'; document.write('<scr'+'ipt src="'+absrc+'" type="text/javascript"></scr'+'ipt>'); </script> </div> <script>"use strict";function wprRemoveCPCSS(){var preload_stylesheets=document.querySelectorAll('link[data-rocket-async="style"][rel="preload"]');if(preload_stylesheets&&0<preload_stylesheets.length)for(var stylesheet_index=0;stylesheet_index<preload_stylesheets.length;stylesheet_index++){var media=preload_stylesheets[stylesheet_index].getAttribute("media")||"all";if(window.matchMedia(media).matches)return void setTimeout(wprRemoveCPCSS,200)}var elem=document.getElementById("rocket-critical-css");elem&&"remove"in elem&&elem.remove()}window.addEventListener?window.addEventListener("load",wprRemoveCPCSS):window.attachEvent&&window.attachEvent("onload",wprRemoveCPCSS);</script><noscript><link rel='stylesheet' id='quads-style-css-css' href='https://coingape.com/wp-content/plugins/quick-adsense-reloaded/includes/gutenberg/dist/blocks.style.build.css?ver=2.0.86.1' type='text/css' media='all' /><link rel='stylesheet' id='dscf7-math-captcha-style-css' href='https://coingape.com/wp-content/plugins/ds-cf7-math-captcha/assets/css/style.css?ver=6.7.1' type='text/css' media='1' /><link data-minify="1" rel='stylesheet' id='logdash-activity-log-css' href='https://coingape.com/wp-content/cache/min/1/wp-content/plugins/logdash-activity-log/assets/build/index.css?ver=1734428049' type='text/css' media='all' /><link data-minify="1" rel='stylesheet' id='parent-style-css' href='https://coingape.com/wp-content/cache/min/1/wp-content/themes/mh-magazine/style.css?ver=1734428049' type='text/css' media='all' /><link rel='stylesheet' id='bootstrap-css-css' href='https://coingape.com/wp-content/themes/coingapev3/css/bootstrap.min.css?ver=6.7.1' type='text/css' media='all' /><link rel='stylesheet' id='Carousel-css2-css' href='https://coingape.com/wp-content/themes/coingapev3/css/owl.carousel.min.css?ver=6.7.1' type='text/css' media='all' /><link data-minify="1" rel='stylesheet' id='Carousel-css-css' href='https://coingape.com/wp-content/cache/min/1/wp-content/themes/coingapev3/css/owl.theme.default.css?ver=1734428049' type='text/css' media='all' /><link data-minify="1" rel='stylesheet' id='mh-magazine-css' href='https://coingape.com/wp-content/cache/min/1/wp-content/themes/coingapev3/style.css?ver=1734428049' type='text/css' media='all' /><link data-minify="1" rel='stylesheet' id='mh-font-awesome-css' href='https://coingape.com/wp-content/cache/min/1/wp-content/themes/mh-magazine/includes/font-awesome.min.css?ver=1734428049' type='text/css' media='all' /><link data-minify="1" rel="stylesheet" href="https://coingape.com/wp-content/cache/min/1/wp-content/themes/coingapev3/maincss.css?ver=1734428049"><link data-minify="1" rel="stylesheet" href="https://coingape.com/wp-content/cache/min/1/wp-content/themes/coingapev3/mobile.css?ver=1734428049"></noscript></body></html><p>Wormhole enables the protocol across the Sui applications with Wormhole Connect-a embeddable widget for frictionless cross-chain transfers. Secondly, the Sui Bridge embeds Wormhole Connect, powered by the power of CCTP, making it easier to send $USDC directly to Sui. Portal supports the protocol, enabling fast and frictionless USDC via Wormhole Connect; Router provides support for Sui with CCTP-enabled better cross-chain bridging.</p><p>Interport integrates the protocol into its developer tools and cross-chain bridge, allowing seamless USDC transfer. Mayan also supports CCTP and cross-chain bridging via Mayan Swap. Wanchain offers CCTP through its WanBridge, thus enabling developers to enhance their capabilities for cross-chain transfer.</p><p>These integrations further power dozens of apps, wallets, bridges, exchanges, and other ecosystem tools to use the protocol; it thus enables seamless, efficient, and secure $USDC transfers across a wide variety of blockchain platforms.</p><p>In addition, numerous ecosystem apps like AlphaFiSUI, Bluefin, CetusProtocol, Ensofi, KriyaDEX, SuiLendProtocol, and Turbos_Finance are already live with CCTP routes for Sui.</p><html><body>  <div class="quads-location quads-ad174767 " id="quads-ad174767" style="float:none;text-align:center;padding:0px 0 0px 0;" data-lazydelay="3000">  <script type="rocketlazyloadscript" data-rocket-type="text/javascript"> var rnd = window.rnd || Math.floor(Math.random()*10e6); var pid700530 = window.pid700530 || rnd; var plc700530 = window.plc700530 || 0; var abkw = window.abkw || ''; var absrc = 'https://servedbyadbutler.com/adserve/;ID=180936;size=0x0;setID=700530;type=js;sw='+screen.width+';sh='+screen.height+';spr='+window.devicePixelRatio+';kw='+abkw+';pid='+pid700530+';place='+(plc700530++)+';rnd='+rnd+''; document.write('<scr'+'ipt src="'+absrc+'" type="text/javascript"></scr'+'ipt>'); </script> </div> <noscript><link rel='stylesheet' id='quads-style-css-css' href='https://coingape.com/wp-content/plugins/quick-adsense-reloaded/includes/gutenberg/dist/blocks.style.build.css?ver=2.0.86.1' type='text/css' media='all' /><link rel='stylesheet' id='dscf7-math-captcha-style-css' href='https://coingape.com/wp-content/plugins/ds-cf7-math-captcha/assets/css/style.css?ver=6.7.1' type='text/css' media='1' /><link data-minify="1" rel='stylesheet' id='logdash-activity-log-css' href='https://coingape.com/wp-content/cache/min/1/wp-content/plugins/logdash-activity-log/assets/build/index.css?ver=1734428049' type='text/css' media='all' /><link data-minify="1" rel='stylesheet' id='parent-style-css' href='https://coingape.com/wp-content/cache/min/1/wp-content/themes/mh-magazine/style.css?ver=1734428049' type='text/css' media='all' /><link rel='stylesheet' id='bootstrap-css-css' href='https://coingape.com/wp-content/themes/coingapev3/css/bootstrap.min.css?ver=6.7.1' type='text/css' media='all' /><link rel='stylesheet' id='Carousel-css2-css' href='https://coingape.com/wp-content/themes/coingapev3/css/owl.carousel.min.css?ver=6.7.1' type='text/css' media='all' /><link data-minify="1" rel='stylesheet' id='Carousel-css-css' href='https://coingape.com/wp-content/cache/min/1/wp-content/themes/coingapev3/css/owl.theme.default.css?ver=1734428049' type='text/css' media='all' /><link data-minify="1" rel='stylesheet' id='mh-magazine-css' href='https://coingape.com/wp-content/cache/min/1/wp-content/themes/coingapev3/style.css?ver=1734428049' type='text/css' media='all' /><link data-minify="1" rel='stylesheet' id='mh-font-awesome-css' href='https://coingape.com/wp-content/cache/min/1/wp-content/themes/mh-magazine/includes/font-awesome.min.css?ver=1734428049' type='text/css' media='all' /><link data-minify="1" rel="stylesheet" href="https://coingape.com/wp-content/cache/min/1/wp-content/themes/coingapev3/maincss.css?ver=1734428049"><link data-minify="1" rel="stylesheet" href="https://coingape.com/wp-content/cache/min/1/wp-content/themes/coingapev3/mobile.css?ver=1734428049"></noscript></body></html><p>These integrations further show the increasing adoption of the protocol in facilitating seamless and secure cross-chain transfers for both developers and users across blockchain networks.</p><p>With the protocol’s robust framework, Sui Bridge is paving the way for a more interoperable blockchain ecosystem that supports seamless, secure, and efficient USDC transactions.</p><p> <p> </p> </p>  <div class="quads-location quads-ad86313 " id="quads-ad86313" style="float:none;text-align:center;padding:0px 0 0px 0;" 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