Circle Provides Guide for Migrating Bridged to Native USDC on Sui Mainnet

Circle has released a comprehensive guide detailing the migration process from bridged USDC to native USDC on the Sui Mainnet, emphasizing best practices and benefits.

paymentstable Stablecoin issuer Circle has released a guide to help developers and users migrate from bridged USDC to native USDC on the Sui Mainnet.

The guide aims to highlight the key differences between the two forms of USDC and provide best practices for a seamless transition.

Circle has released a comprehensive guide detailing the migration process from bridged USDC to native USDC on the Sui Mainnet, outlining best practices and benefits.

According to Circle, bridged USDC is generated when USDC is locked in a smart contract on its origin blockchain, and a synthetic version is minted on another blockchain through a third-party bridge application.

On the Sui Mainnet, bridged USDC is known as USDC.e, which is a version that originates from Ethereum.

In contrast, native USDC is issued by Circle directly on the Sui Mainnet, backed fully by a liquid asset and redeemable 1:1 for US dollars.

Circle's guide provides several best practices for supporting both bridged and native USDC.

Some key suggestions include making native USDC the default for deposits, withdrawals, and swaps, updating top tokens and analytics pages, and highlighting native USDC in user interfaces as a commonly used token.

Native USDC offers several benefits over its bridged counterpart.

It is fully reserved and always redeemable for US dollars, supported by Circle Mint and its APIs, and enables institutional on/off-ramps.

Moreover, native USDC is interoperable across multiple blockchain networks through Circle's Cross-Chain Transfer Protocol (CCTP).

Developers can facilitate the migration from bridged to native USDC by creating swapping mechanisms or liquidity pools within their applications on the Sui Mainnet.

Users can also perform swaps on decentralized exchange protocols such as Aftermath Finance, Cetus, FlowX, Deepbook, and Turbos.

Developers should ensure that the contract addresses match the intended transactions to avoid any confusion between native and bridged USDC.

Developers can access native USDC by using DeFi protocols on Sui Mainnet, applying for a Circle Mint account, or transferring USDC from other blockchains to Sui Mainnet using a CCTP-enabled bridge app.

Protocols like Suilend and Navi Protocol support swapping mechanisms for this purpose.

For further guidelines on USDC branding, visit the Circle pressroom page.