- Sei’s SIP-3 improve will happen in March 2026 and can finish assist for Cosmos native belongings resembling USDC.n.
- Funds above $1.4 million in USDC.n have to be swapped or transferred to native USDC by the deadline.
- DeFi customers should withdraw USDC.n from Yei and Takara Lend to keep away from lack of entry.
Sei Labs has issued a discover to customers holding USDC.n on the sei community, urging them to trade or migrate their tokens to native USDC forward of a community improve scheduled for late March 2026. This steering follows preparations for the SIP-3 improve, which can transfer SEI to an EVM-only chain and discontinue assist for Cosmos native belongings resembling USDC by Noble.
In line with data shared by Sei Labs, the SIP-3 improve might be accepted into the Sei ecosystem in 2025 and is now nearing mainnet deployment. As soon as this alteration takes impact, compatibility with Cosmos native tokens might be eliminated. Consequently, USDC.n balances might grow to be inaccessible or lose performance on the sei Community if they don’t seem to be transformed prematurely.
On the time of publication, greater than $1.4 million value of USDC.n was reported to be in circulation on Sei. Customers are inspired to finish any required swaps or migrations by the tip of March 2026, whereas monitoring official channels for potential adjustments to the timeline.
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Swap and migration choices for USDC.n holders
Sei Labs mentioned that for small balances, customers can trade USDC.n for native USDC by decentralized exchanges resembling DragonSwap or Symphony, however famous that slippage might differ relying on liquidity circumstances.
For bigger balances, a batch migration software is obtainable that makes use of Circle’s cross-chain switch protocol to route USDC.n from Noble to Polygon and again to Sei. This course of depends on Circle and Polygon infrastructure. Customers may also try handbook migration utilizing bridges resembling Stargate or intermediate chains resembling Base, however Sei Labs warns that handbook strategies include extra operational dangers.
Suppliers of USDC.n on the DeFi protocol had been suggested to liquidate their positions earlier than the improve. This contains withdrawing belongings from platforms resembling Yei and Takara Lend. Present estimates have roughly $194,000 in provide in USDC.n on YiYi and $13,000 in Takara Lend, and these numbers might change as customers rebalance their positions.
Sei market exercise resulting from community updates
Individually, market knowledge confirmed that Sui’s buying and selling previously 24 hours has declined. The token fell to round $0.1229, reflecting a decline of three.36%. Moreover, the market capitalization decreased to roughly $798.26 million and the 24-hour buying and selling quantity decreased to roughly $57.48 million, a lower of 42.02%.
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