Sei blockchain taps Circle and USDC stablecoin in bid to boost decentralized exchange
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Sei blockchain announces strategic investment and USDC integration with Circle, the issuer of the popular USD Coin stablecoin.
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Sei was created by former Robinhood lead engineer Jayendra Jog to build a fast decentralized exchange after issues with meme stock trading.
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Sei raised $80 million before launching in August 2022 but faced issues with its native token airdrop.
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Circle investment allows USDC integration with Sei apps like Sushiswap as both expand reach.
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USDC adds Sei as Circle tries to boost market share versus rival Tether stablecoin.