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Sei warns USDC.n token holders to swap for ‘native’ stablecoin ahead of planned upgrade

📰 sources⭐ 9.0
#upgrades
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TL;DR:

USDC. n served as the canonical representation of the popular stablecoin on the Sei Network before Circle issued a native version of the token.

Key Points:

  • Sei warns USDC.n token holders to swap for ‘native’ stablecoin ahead of planned upgrade
  • Related to upgrades in the crypto space

    • Background:

    Protocol upgrades involve changes to a blockchain's underlying code to add features, improve performance, or fix security issues. Major upgrades like Ethereum's transition to Proof-of-Stake or Bitcoin's Taproot activation represent significant technical milestones in blockchain evolution.

    Why It Matters:

    Protocol upgrades can fundamentally change how a blockchain operates, affecting scalability, security, and functionality. These technical improvements drive long-term value and competitiveness of blockchain networks in the rapidly evolving crypto ecosystem.