- Circle Ventures has invested in Sei, a Layer 1 blockchain, to explore innovative use cases for USDC within Circle’s ecosystem.
- Through integration with Sei, USDC will provide developers and entrepreneurs worldwide with unprecedented capabilities.
- This investment demonstrates Circle Ventures’ unwavering belief in collective innovation and commitment to shaping the future of the internet.
Circle Ventures has invested in Sei, an altcoin project, to explore innovative use cases for USDC within Circle’s ecosystem.
Circle Ventures Invests in Altcoin Project Sei
Circle Ventures has invested in Sei, a Layer 1 blockchain, to explore innovative use cases for USDC within Circle’s ecosystem. This strategic investment comes along with marketing advice around Circle’s stablecoin infrastructure. Circle Ventures’ unique collaboration-focused partnership approach is focused on enabling both parties to work together to build the next version of the internet.
Sei is specifically designed to address the fundamental use case of cryptocurrency: the exchange of digital assets. Positioned in response to the long-awaited efficiency and scalability needs of the industry, Sei is poised to meet these requirements.
Through integration with Sei, USDC will provide developers and entrepreneurs worldwide with something they did not have before: the ability to build products and trading on an open platform with the ability for instant execution, fast, and cost-effective.
Sei Team Excited to Collaborate with Circle
USDC on Sei will unlock more efficient and accessible methods for cross-border transactions, improve the existing payment infrastructure, and significantly increase liquidity in digital asset markets for users and developers on Sei. Samy Karim, Director of Sei Foundation, says:
“The entire Sei team is excited to strategically work with Circle Ventures to create new use cases for USDC using Sei’s infrastructure. As cryptocurrencies mature, stablecoins will become increasingly important for the overall growth of the industry, and Sei provides the ideal scalable infrastructure to meet this demand.”
Wyatt Lonergan, President of Circle Ventures, says: “The Sei ecosystem aligns with our commitment to working with founders and teams dedicated to open access and programmable trade. We look forward to closely collaborating with the Sei team to provide high-speed and cost-effective transactions for developers and users on the USDC network.”
This investment demonstrates Circle Ventures’ unwavering belief in collective innovation and commitment to shaping the future of the internet with Sei’s technology and the support of Circle Ventures, ready for the transformation of finance and the broader internet.
