TL;DR
- Sei will add native USDC and CCTP V2, enabling fast, direct, and frictionless asset transfers across 13 blockchains.
- Liquidity will gradually migrate from USDC via Noble to the native version managed by Circle, consolidating the stablecoin as the foundation for payments and DeFi on Sei.
- With $600M in TVL and over 200 active apps, Sei aims to position itself among high-performance blockchains.
In the coming days, Sei will integrate a native version of USDC alongside the CCTP V2 upgrade, enhancing its ability to move assets quickly and seamlessly between different blockchains.
The arrival of one of the most widely used regulated stablecoins will be key for this Layer 1 network, which has shown strong growth in both activity and total value locked since the start of the year.
Currently, USDC operates on the network via Noble using the IBC protocol. However, with this new rollout, liquidity will progressively shift to the native version, directly managed by Circle.
The token will remain fully backed 1:1 with US dollars and offer institutional on/off-ramps like Circle Mint for eligible users. This will allow payment, DeFi, gaming, and financial service apps to integrate the stablecoin more efficiently.
The update also includes the release of CCTP V2, an upgrade that enables native USDC transfers between 13 different blockchains, connected through 156 possible routes while maintaining full capital equivalence across networks. Developers will be able to build apps supporting swaps, crosschain onboarding, instant payments, and multichain treasury operations without compromising user experience or capital efficiency.
Sei Doubles Its TVL and Optimizes Performance
Sei combines EVM compatibility with an architecture designed for high-performance operations. It recently reached $600 million in total value locked, with over 200 active applications and a growing developer community. This year, its TVL doubled, driven by new project launches and technical upgrades that boosted network efficiency.
The deployment of native USDC will initially coexist with the version via Noble, though both Circle and the Sei Development Foundation are already working on a plan to consolidate liquidity into the new standard. This integration will position Sei to compete on equal terms with other blockchains already operating with native stablecoins and fluid crosschain applications.
The official USDC contract addresses on Sei are now confirmed for both testnet and mainnet, clearing the way for the rollout and its integration into wallets, exchanges, and decentralized applications.
