Sui Network to Launch Native USDC via NAVI Protocol

The Sui Foundation has announced the integration of Circle’s USDC stablecoin, which will be natively available on the Sui network through the NAVI Protocol. Backed by $120 million in USDC liquidity, this integration represents the third-largest supply of USDC in the DeFi space, following major platforms Aave and Compound. NAVI, the leading decentralized finance (DeFi) protocol on Sui, will serve as the primary driver for this launch.

This development significantly enhances Sui’s ecosystem by increasing liquidity and improving the user experience. Unlike “bridged USDC,” which operates through third-party networks, “native USDC” refers to stablecoins issued directly on a blockchain. Native assets are fully backed and exchangeable for U.S. dollars, offering users more trust and efficiency.

Integration Highlights
The NAVI Protocol will introduce new features such as flash loans and extended liquidity support, incentivizing users to migrate from bridged USDC to native USDC. This integration boosts capital efficiency on Sui’s network and enables smoother lending and borrowing activities.

Sui’s adoption of USDC aligns with the growing trend of permissionless composability in blockchain technology, where networks interoperate to create more efficient applications. This also facilitates faster cross-chain transactions, eliminating the delays that often accompany traditional bridges.

According to the press release, NAVI will soon release a migration plan, detailing how users can transition to native USDC and further contribute to the evolution of the Sui DeFi ecosystem.

source