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Circle CEO: Circle Stablecoin Network is now officially live.

By: theblockbeats.news|2025/07/25 03:22:15

BlockBeats News, July 25th, Stablecoin issuer Circle's co-founder and CEO Jeremy Allaire announced that the Circle Stablecoin Network has officially launched Sei, with a large number of USDC-integrated applications set to go live.

Earlier reports indicated that native USDC had already officially launched on the Sei network with CCTP V2. Circle Mint fully supports native USDC on Sei, providing institutional users with USDC liquidity access through Sei's high-performance infrastructure. Leveraging Sei's high-performance architecture, over 13 cross-chain stablecoin transfers with no bridges and no slippage have been achieved.

A certain whale/institution has accumulated and staked 365,000 SOL tokens over the past 3 months, with unrealized gains of $7.3 million.

If Bitcoin drops below $116,000, the mainstream CEX's cumulative long liquidation depth will reach $1.039 billion