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.