Today, I noticed the $SEI trend in the market is quite intriguing. It was a hot coin during the last market phase, and then I found out that Circle mentioned in their IPO filing that their early investment in Sei is their largest token holding. As a result, just two weeks after its launch, Sei has minted $160 million worth of native USDC, which is a bit outrageous.
Even more astonishing is that Sei's USDC supply has now surpassed that of Hedera, Polkadot, Tron, and Algorand. Based on this growth curve, an annual trading volume exceeding $1 trillion is entirely possible.
I believe this isn't just Circle pushing from behind; Sei's high throughput and low latency architecture are very suitable for stablecoins, which are high-frequency settlement assets. Stablecoins are the "cash layer" in crypto, and Sei may be quietly becoming the new settlement foundation.
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