The venture division of Circle, the issuer of the stablecoin USDC, has made an investment in L1 project Sei. According to the announcement: “USDC on Sei will unlock more efficient and accessible means for cross-border transactions, improve existing payment infrastructure, and significantly enhance the liquidity of the digital asset markets for users and developers on Sei.” Sei Foundation director Sami Karim believes the project will be able to provide a “perfectly scalable infrastructure” to meet the demand for stablecoins as the cryptocurrency market grows and matures. Sei Network is a top-tier blockchain focused on cryptocurrency trading.
