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Canonical USDC and USDT Are Now Live on Sei

Twitter icon  •  Published il y a 1 mois  •  Hassan Maishera

The Sei team announced via X on Monday that canonical USDC and USDT stablecoins are now live on its blockchain.

The Sei team announced via X on Monday that canonical USDC and USDT stablecoins are now live on its blockchain. A canonical bridge is a native bridge for a certain stablecoin that acts as the single source of truth for minting stablecoins on different chains.

Thanks to this latest development, users can now swap their stables for canonical USDC via a community pool on Astroport, with a zero-slippage design. The team added that as they approach Sei v2's launch, user experience will only continue to improve.

Sei is a high-speed Layer 1 blockchain tailored for the digital asset boom, from NFTs to DeFi. The blockchain intends to unlock a brand-new design space for consumer-facing applications. Its native coin, SEI is down by 4% in the last 24 hours and is now trading at $0.774 per coin.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.