According to CoinGecko data, the SUI token is currently trading at $1.17**, with a **24-hour trading volume of $500 million. Over the past week, SUI has surged by 28%, making it the top gainer among the top 30 cryptocurrencies by market cap.
Key Highlights Behind SUI’s Rally:
- DeFi Ecosystem Growth – SUI’s decentralized finance (DeFi) landscape is rapidly expanding, attracting liquidity and user engagement.
- Grayscale Trust Endorsement – Institutional interest has surged following Grayscale’s inclusion of SUI in its trust products.
- USDC Stablecoin Integration – Circle, the issuer of USDC, announced plans for native USDC support on Sui via the Cross-Chain Transfer Protocol (CCTP).
👉 Discover why SUI is outperforming other Layer 1 blockchains
USDC Stablecoin Coming to Sui via Cross-Chain Transfer Protocol
Circle CEO Jeremy Allaire confirmed that USD Coin (USDC) will soon launch natively on the Sui blockchain, expanding its reach beyond the current 15 supported networks.
How CCTP Enhances Sui’s Ecosystem
The Cross-Chain Transfer Protocol (CCTP) enables permissionless, native USDC burn-and-mint across chains, improving:
- Security – Reduces dependency on wrapped assets and bridges.
- Interoperability – Simplifies cross-chain transactions for users and developers.
- Liquidity – Facilitates seamless asset transfers into Sui’s DeFi ecosystem.
Adeniyi Abiodun, Co-Founder and CPO of Mysten Labs (Sui’s developer), stated:
"USDC’s native integration marks a major milestone for Sui’s maturity. It strengthens our position as a leading Layer 1 blockchain."
Current Stablecoin Landscape
USDC ranks as the second-largest stablecoin by market cap, trailing only Tether (USDT). It operates on:
- Ethereum (ERC-20)
- Solana
- Algorand
- Polkadot
- Hedera
- And 10+ other chains
👉 Explore how stablecoins are reshaping blockchain economies
FAQ Section
Why is SUI’s price surging?
SUI’s rally is fueled by DeFi adoption, Grayscale’s institutional backing, and upcoming USDC integration.
How does CCTP improve Sui’s usability?
CCTP allows trustless cross-chain USDC transfers, reducing reliance on third-party bridges and wrapped tokens.
What makes Sui different from other Layer 1 blockchains?
Sui uses Move programming language and supports parallel transaction execution, enabling high scalability and low fees.
When will USDC launch on Sui?
Circle has confirmed plans but hasn’t announced an exact date yet.
Will USDC integration increase Sui’s TVL?
Yes, native stablecoin support typically boosts DeFi activity and total value locked (TVL).
By combining infrastructure upgrades, institutional interest, and stablecoin expansion, Sui is positioned for continued growth in the competitive Layer 1 landscape. Stay tuned for further developments!