The Sui blockchain saw major gains after Copper’s USDC integration, with SUI hitting a new all-time high of $4.40. The cryptocurrency market volatility worked in SUI’s favor as the layer-1 platform gained 16% in 24 hours. This showed strong blockchain scalability with the market cap reaching $12.3 billion. The move helps reduce crypto security risks and brings more institutional investors to Sui’s growing ecosystem amidst rising cryptocurrency market volatility.
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How Copper’s USDC Support Impacts the SUI Price and Blockchain Scalability
Source: Blog.sui.io
Copper USDC Integration Enhances Institutional Infrastructure
Copper’s USDC integration brings professional-grade tools to Sui’s DeFi system, which now manages over $2 billion.
Adam VandenBoogaard, co-head of revenue for Americas at Copper, said:
“Support USDC on the Sui blockchain is a notable step in strengthening our partnership with Sui. With much more to unlock across the stablecoin and Real-World Asset spaces, we’re committed to connecting the institutional finance world to on-chain opportunities on the Sui Network.”
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Market Performance Amid Blockchain Scalability Challenges
SUI prices have soared 110% in the past month and 560% over the year, reaching another all-time high. The token jumped from $0.3648 in October 2023 to $4.14 today – a 1,060% increase. Enhanced blockchain scalability and stronger crypto security measures have made big investors more confident in SUI’s potential.
Copper USDC Partnership Drives Multi-Platform Growth
Phantom Wallet joined the Sui network, too, adding features like multi-chain support and asset swaps to address crypto security risks.
Sui Foundation head of ecosystem development Jameel Khalfan emphasized:
“Adding support for this asset within Copper’s enterprise-grade custody services will only add to the astounding growth of Sui as a destination for DeFi users.”
Sui now ranks among the top 10 DeFi chains, showing strong signs of future growth.
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