Stablecoin issuer Circle is investing in a brand new layer-1 blockchain as a way of increasing the use circumstances for USDC, its dollar-pegged digital asset.
In a brand new firm blog post, the Sei Community (SEI) – which claims to be the quickest blockchain on the earth – says that Circle’s enterprise capital department is investing in it to broaden the utility of USDC.
A few of the use circumstances embrace instantaneous transaction settlements, boosted entry to cross-border funds and enhancing the liquidity of digital asset markets for customers and builders of Sei.
“Sei is designed particularly to deal with the first use case of cryptocurrency – the change of digital property. This blockchain isn’t simply quick; it’s the quickest, attaining 390ms time to finality and boasts unparalleled pace. Sei is positioned as the reply to the trade’s long-standing want for effectivity and scalability.
By way of integration with Sei, USDC will present builders and entrepreneurs all over the world one thing they’ve by no means had earlier than: the flexibility to construct merchandise and commerce on an open platform globally, shortly, and cheaply with instantaneous transaction settlement.
USDC on Sei will unlock extra environment friendly and accessible means for cross-border transactions, enhance current fee infrastructure, and considerably improve the liquidity of the digital asset markets for customers and builders on Sei.”
As acknowledged by Wyatt Lonegram, principal at Circle Ventures,
“The Sei ecosystem aligns with our dedication to working with founders and groups devoted to open entry and programmable commerce. We sit up for working intently with the Sei staff on integrating USDC for builders and customers for high-speed and cost-efficient transactions on the community.”
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