Circle Launches CCTP V2 On Sui Network
@Circle launches Cross-Chain Transfer Protocol (CCTP) V2 on
@SuiNetwork, bringing native $USDC routing to the Move-native Layer-1 protocol.
The new version includes native burn and mint facilities, Inbound Fast Transfers, cross-chain hooks, and message-passing mechanisms, eliminating potential wrapped-bridge risk and liquidity fragmentation.
The updated architecture enhances the capital efficiency of the $SUI DeFi protocols by enabling institutional-level dollar liquidity without external bridging tools.