Sui Blockchain Launches suiUSDe, a Stablecoin for High-Throughput Transactions
The Sui blockchain is set to bolster its ecosystem with the launch of suiUSDe, a synthetic dollar token. This new development, a collaboration between the Sui Foundation, SUIG Holdings, and Ethena, will directly integrate with existing platforms like decentralized exchanges.
SuiUSDe will combine digital assets with short futures positions to create a diversified backing model, ensuring both stability and yield. This is a first for a non-EVM blockchain, made possible by Ethena's infrastructure.
The Sui blockchain, known for its high throughput and scalability, is well-suited for managing stablecoin transactions at both institutional and retail levels. SUIG Holdings is also developing a SUI Bank concept to further expand liquidity and embed greater value within the Sui ecosystem.
The launch of suiUSDe is expected to introduce new opportunities for liquidity, stability, and institutional engagement across the Sui network. It follows the trend of accelerating global stablecoin adoption, which has surpassed traditional payment networks like Visa and Mastercard.
The Sui Foundation and SUIG will reinvest net income from reserves into purchasing SUI tokens, adding long-term value to the network. The release of suiUSDe, expected later this year, is poised to bolster the Sui ecosystem and attract more institutional engagement.
