- Sei Network warns of USDC.n’s phase-out by March 2026.
- Swap to native USDC ensures asset accessibility post-upgrade.
- USDC.n to lose value as Sei transitions to EVM-only.
Sei Network has announced that USDC.n must be swapped to native USDC on Sei before the SIP-3 upgrade in late March 2026, as Cosmos-native assets will no longer be supported.
The migration is crucial to prevent asset loss, affecting DeFi positions and liquidity on Sei, with significant market implications for stablecoin integration.
Sei Network has ed USDC.n holders about the necessity to swap to native USDC before their upcoming March 2026 upgrade. The network is transitioning to an EVM-only chain, making Cosmos-native assets obsolete. “The upgrade will make Sei an EVM-only blockchain and will make Sei cease supporting Cosmos-native assets such as USDC via Noble,” said the Sei Network Team.
The migration involves Sei Network and related DeFi entities like Yei Finance and Takara Lend. USDC.n, bridged through Noble, will no longer be supported, necessitating the shift to the native USDC.
The change impacts approximately $1.4 million in USDC.n liquidity on Sei. Users who do not migrate could face inaccessible or valueless assets once the upgrade occurs.
This strategic direction aligns Sei with institutional-grade standards, pivoting to native USDC via Circle’s Cross-Chain Transfer Protocol. This reflects broader ecosystem trends moving from bridged to native stablecoin assets.
As Sei transitions, stakeholders must act promptly to avoid liquidity traps, ensuring their assets remain viable. Growing native USDC adoption shows potential for enhanced liquidity and market activity on the Sei Network. Caution is advised concerning migration tools’ reliability.
Sei’s upgrade may influence stablecoin market trends, emphasizing robust interoperability and reduced complexity. Historical data supports a shrinking of bridged token volumes as native solutions like CCTP gain traction.
