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The raise consists of $1.5 billion in newly issued common stock and $1 billion in convertible senior secured notes. The transaction is expected to close on May 29, with crypto custody to be handled by Crypto.com and Anchorage Digital.
Aptos now becomes one of several chains where USDC is minted natively, sitting alongside larger ecosystems such as Ethereum and Solana. Native issuance means the stablecoin is created directly on the network’s ledger, rather than bridged from another chain, removing a layer of smart-contract risk for users.
The release signals a move away from chasing mass-market gamers, instead leaning into the crypto-native subculture of users who trade meme coins, mint NFTs, and live onchain.
“As projects evolve and mature, it is natural for visions to evolve, and sometimes diverge. With this in mind, I can no longer contribute to Polygon to the best of my abilities,” he wrote. “That said, I remain confident that Polygon leadership is committed to the success of the project. I’ll always be cheering from the sidelines, and supporting however and whenever I can.”
The attack, which began in the early hours of Wednesday, caused SUI’s token price to drop by over 15%, currently trading near $3.90. The exploit has raised fresh alarms over the persistent vulnerabilities facing Web3 platforms, even those built on next-gen blockchains like Sui.
