SEI was launched on the Circle network as USD Coin (USDC) issuer Circle announced its strategic investment in Sei Network (SEI).
According to the news provided by Fortune, Circle, layer-1 (L-1) blockchain to Sei Network strategic investment He announced what he did. In parallel with the investment, SEI was launched on the Circle network.
This strategic investment made both SEI’s circle to reach larger audiences in its network and to help Circle USDC It will allow the company to find new playing fields for its operations.
Director of the Sei Foundation, a non-profit organization that supports the blockchain ecosystem Sammy KarimIn his statement on the subject, the cryptocurrency industry and stablecoin industry He included the critical link between:
As the crypto industry matures, stablecoins will become increasingly relevant to the overall growth of the industry.
Sei among them in April Jump Crypto And Multicoin Capitawith investors including l 800 million dollars based on valuation 30 million dollars he had collected.
Following the announcement, there was a sudden increase in the price of SEI. According to CoinGecko data, SEI rose by 9.2% due to the news flow, from $ 0.148. to $0.1642 rose. SEI is trading at $0.161 at the time of writing.