- Circle has introduced native USDC and CCTP V2 on the Sei Network, enabling seamless transfers across 13 blockchains with 156 routes.
- Sei Network’s TVL has grown 188% in 2025, rising from $208M to $600M, with over 200 applications in production.
Circle has announced the deployment of native USDC and the upgraded Cross-Chain Transfer Protocol (CCTP V2) on Sei Network, a Layer-1 blockchain known for its high-speed capabilities and Ethereum compatibility.
This marks a significant step toward increasing USDC’s usability and efficiency across decentralised ecosystems.
Circle, the issuer of the US Dollar-pegged stablecoin USD Coin (USDC), will now offer native USDC on Sei. CCTP V2, developed by Circle, enables direct and capital-efficient transfers of USDC across 13 blockchains, avoiding the pitfalls of traditional bridging such as asset lock-up and slippage.
With this integration, users on Sei can access native USDC across 156 cross-chain routes, facilitating more seamless interactions in DeFi, gaming, and payment applications.
A Boost for Sei’s Ecosystem
Sei Network, with its Ethereum Virtual Machine (EVM) compatibility and growing infrastructure, is expected to benefit from this move.
The blockchain, capable of up to 200,000 transactions per second with sub-400ms finality, has already seen rapid expansion in 2025.
Its Total Value Locked (TVL) has surged 188% year-to-date, reaching $600 million, with over 200 applications currently in production.
Until now, USDC on Sei was sourced through Noble via the IBC protocol, which is limited in ERC-20 compatibility. Circle and the Sei Foundation plan to gradually migrate liquidity to native USDC, enhancing interoperability with Ethereum-based tools and other ecosystems.
The transition ensures improved accessibility and wider use cases for developers and users alike while maintaining the availability of USDC via Noble during the migration process.
Edited by Annette George
