Sui Blockchain advances in issuing native stablecoins with the launch of USDi and suiUSDe tokens, resulting from a strategic partnership between SUIG, Ethena, and the Sui Foundation.
微信分享
打开微信，扫描下方二维码。
Features of the USDi and suiUSDe stablecoins
The USDi token will be backed directly 1:1 by the tokenized BlackRock money market fund, BUIDL, issued together with tokenization specialist Securitize. This connection with an institutional fund provides high security and transparency to users of the Sui blockchain.
The suiUSDe, on the other hand, will operate as a synthetic stablecoin, similar to Ethena’s USDe token, which moves about US$14 billion. Its backing will be composed of a combination of digital assets and short derivatives, offering a robust alternative for price stabilization on the network.
Impact on liquidity and the Sui Blockchain ecosystem
With the launch of these proprietary stablecoins, Sui aims to increase liquidity and utility on the platform, reducing dependence on traditional solutions such as USDC and USDT. The approach strengthens the economic independence of the ecosystem, encouraging the growth of decentralized applications and more efficient financial operations.
This follows the global trend of blockchains seeking to issue their own stablecoins, as exemplified by networks like Ethereum and other layer 1s that prioritize native assets for financial stabilization.
Partnership and technology behind the initiative
According to Guy Young, CEO of Ethena Labs, Sui was chosen for its high performance and composability, essential to support the record volume of stablecoin transfers, which reached US$229 billion in August.
Additionally, the collaboration with the Sui Foundation and SUIG, a public company focused on digital asset treasury, signals a strong institutional commitment to expand adoption and integrate Sui solidly into the global stablecoin market.
Context in the crypto market
Sui’s move is part of an innovation scenario in the cryptocurrency sector, where stablecoins play a crucial role in the stability and expansion of the ecosystem. To better understand current trends in the crypto universe, it’s worth visiting recent news about blockchain evolution and the entry of institutional markets, as detailed in institutional investments in crypto.
The development of native stablecoins on networks like Sui contributes to market maturity and diversification, paving the way for innovative financial solutions that combine security, efficiency, and scalability.
微信分享
打开微信，扫描下方二维码。
