The native stablecoin USDsui is launched on Sui

In the blockchain field, stablecoins have become a bridge connecting digital assets and the real economy. Recently, the Sui Foundation officially announced the launch of USDsui, the native stablecoin of the Sui ecosystem, issued by Bridge, a subsidiary of Stripe. This news hit like a bombshell, quickly sparking heated discussions in the DeFi and Layer 1 ecosystems.

USDsui is not just another stablecoin pegged to the US dollar. It marks a strategic step for the Sui network, transitioning from high-performance infrastructure to global payments and real-world asset (RWA) applications. This article will explore the significance of this event from multiple perspectives: background, technical details, market response, industry impact, and potential risks.

The Rise of the SUI Network and the Challenges of Stablecoins

Sui is a Layer 1 blockchain developed by Mysten Labs. Since its mainnet launch in 2023, it has stood out with its unique Move programming language and object-oriented architecture. The network can process thousands of transactions per second (TPS) and has shown strong growth momentum in gaming, social applications, and DeFi.

As of November 2025, the total value locked (TVL) in Sui's DeFi has slightly decreased from $1.58 billion last month to about $1.35 billion. However, its monthly trading volume for stablecoins has exceeded $200 billion, with a trading volume of $412 billion just between August and September.

This indicates a strong demand for stablecoins among users on the Sui platform, but it also exposes a problem within the ecosystem: an over-reliance on external stablecoins like USDC and USDT. This has led to fragmented liquidity and high cross-chain friction costs.

The stablecoin market is poised for explosive growth. Citibank predicts that by 2030, the global stablecoin market size will grow from the current $300 billion to between $1.9 trillion and $3 trillion. In this wave, chain-native stablecoins (such as the Solana-native version of USDC) have become key weapons for Layer 1 chains competing for liquidity.

USDsui is the latest example of this trend. It aims to "anchor the Sui economy" and seamlessly integrate blockchain payments into the traditional financial system through its collaboration with Stripe.

The Core Mechanism of the Dollar Bond Swap Plan: From Issuance to Revenue Sharing

The design of USDsui focuses on being "developer-friendly" and providing "enterprise-grade infrastructure." It is issued on Bridge's Open Issuance platform, launched by Stripe in September 2025, allowing on-chain projects to quickly deploy customized stablecoins without having to deal with complex compliance and liquidity issues themselves.

More specifically:

The issuance and peg of USDsui are supported 1:1 by reserves of US dollar fiat currency. Bridge is responsible for the minting and redemption of the tokens. Users can deposit dollars through a Sui wallet (such as Sui Wallet) or integrated applications to receive USDsui. Upon redemption, they will receive an equivalent amount of fiat currency.

This process is optimized for Sui's high-performance architecture and supports sub-second settlement.

Interoperability: After its release, USDsui will be smoothly integrated into all applications within the Sui ecosystem, including DeFi protocols like Cetus and Navi Protocol, as well as games like EVE Frontier.

More importantly, it will achieve native interoperability with other stablecoins in the Bridge ecosystem (such as USDB). It will support cross-platform liquidity across the following platforms: • Phantom wallet on Solana • Ultra-liquid derivatives platforms • EVM-compatible wallets, such as MetaMask.

This connection will channel Sui's monthly stablecoin trading volume (which has exceeded $200 billion) into global liquidity pools and reduce user friction.

Revenue Sharing and Compliance: Unlike traditional "zero-yield" stablecoins, USDsui introduces a "revenue-sharing" model. The earnings from reserve assets (such as US Treasury bonds) will be partially distributed to the Sui ecosystem and used to fund developer grants and growth initiatives.

At the same time, USDsui is "ready to embrace the GENIUS Act." This means its design complies with the upcoming US GENIUS Act (the U.S. Innovation Stablecoin Economic Innovation Act), providing transparent auditing and regulatory compliance.

As the SUI Foundation states, "USDsui will reshape on-chain economic activity and drive the integration of payments, DeFi, and real-world use cases."

Technical Highlights: USDsui is supported by Sui's DeepBook (native liquidity layer), which will support a hybrid model of deep order books and AMM. This enables efficient lending and trading. Developers can easily integrate through the Bridge API and provide users with "seamless" fiat-to-crypto conversion services.

This design not only addresses liquidity bottlenecks within Sui but also lays the groundwork for RWA applications. One can imagine using USDsui to settle cross-border remittances or in-game microtransactions without going through multiple bridges.

Stripe's Cryptocurrency Ambitions

The launch of USDsui is not only a milestone in Sui's development journey but also further demonstrates Stripe's commitment to the cryptocurrency space through the Bridge platform.

Since Stripe acquired Bridge in 2025, Bridge has issued over $10 billion in stablecoins and has been seeking trust certification from the Office of the Comptroller of the Currency (OCC). This makes USDsui a pioneer of "invisible stablecoin payments": merchants can accept USDsui payments through Stripe terminals, while users do not have to consider blockchain-level issues at all.

For decentralized finance (DeFi), USDsui will inject "on-chain dollars" into Sui. This could help enhance the total value locked (TVL) and intensify competition with other Layer 1 chains like Aptos and Solana. Sui's high transaction volume (TPS, over 10,000) combined with its revenue-sharing model may attract RWA projects similar to tokenized Treasuries.

In the long run, this will help stablecoins transition from simple "hedging tools" to "productive assets." By 2030, the market size could reach $3 trillion.

The "Digital Dollar Era" of SUI

The birth of USDsui marks Sui's transformation from a "high-performance chain" to an "economic hub." It connects Stripe's payment empire with the blockchain world and injects new vitality into DeFi and RWA application scenarios.

As the stablecoin market seems poised for explosive growth by 2030, if Sui can seize this opportunity, it may become the next Solana.

For SUI holders, this could be the starting point for the token price to rebound to $5. Let's wait and see.