{"id":96008,"date":"2024-10-09T15:50:18","date_gmt":"2024-10-09T19:50:18","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=96008"},"modified":"2024-10-09T15:52:07","modified_gmt":"2024-10-09T19:52:07","slug":"sui-network-to-launch-native-usdc-via-navi-protocol","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/sui-network-to-launch-native-usdc-via-navi-protocol\/","title":{"rendered":"Sui Network to Launch Native USDC via NAVI Protocol"},"content":{"rendered":"\n

The NAVI Protocol is scheduled to include USDC stablecoin<\/a> and the Sui Foundation has declared that the asset would be available natively on the Sui network.\u00a0
<\/p>\n\n\n\n

\"Sui
Sui Network to Launch Native USDC via NAVI Protocol<\/figcaption><\/figure>\n\n\n\n

According to a press statement, this integration represents the third-largest supply of USDC in the sector, after Aave and Compound, and is supported by $120 million in USDC liquidity. <\/p>\n\n\n\n

The main decentralized system for Sui's finance and liquidity is called NAVI. The update strengthens the Sui ecosystem through more liquidity and improved user experience<\/a>. <\/p>\n\n\n\n

In contrast to “bridged USDC,” which depends on outside networks to link several blockchains, “native USDC” is a stablecoin issued natively on a blockchain. <\/p>\n\n\n\n

Because native assets are completely backed and convertible into US dollars<\/a>, users' confidence and productivity are boosted.\u00a0<\/p>\n\n\n\n

Details of the Integration <\/h2>\n\n\n\n

The integration enhances the capital efficiency of Sui's network. In addition to encouraging consumers to switch from bridged USDC to native USDC, NAVI will bring services, including flash loans<\/a> and liquidity support, offering a smooth lending and borrowing experience. <\/p>\n\n\n\n

Sui's use of USDC aligns with the larger movement toward permissionless composability, in which blockchain technologies produce increasingly effective applications. <\/p>\n\n\n\n

Additionally, it makes cross-chain transactions\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> easier and speedier, doing away with the delays that bridges frequently cause. <\/p>\n\n\n\n

In order to further develop the Sui DeFi ecosystem, NAVI has announced that it will provide a user migration plan in the next few days that details how the switch from bridged to native USDC will be managed.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The NAVI Protocol is scheduled to include USDC stablecoin and the Sui Foundation has declared that the asset would be available natively on the Sui network.\u00a0 According to a press statement, this integration represents the third-largest supply of USDC in the sector, after Aave and Compound, and is supported by $120 million in USDC liquidity. […]<\/p>\n","protected":false},"author":43,"featured_media":96009,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[22276,16421,1106],"class_list":["post-96008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-navi-protocol","tag-sui-network","tag-usdc"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/10\/croc_1728499622737.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/96008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=96008"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/96008\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/96009"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=96008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=96008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=96008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}