usdsui

Recently, with the launch of Sui ETF ($SUIS) on Nasdaq and the release of the USDsui stablecoin, the financial infrastructure of the Sui public chain is continuously improving. The traditional funding channels and the on-chain liquidity system are being enhanced in tandem, leading to a sustained increase in ecological activity. Meanwhile, the Sui DeFi sector has also seen frequent new developments, such as the NAVI Protocol and other core protocols continuously driving the growth of lending and liquidity markets, further enhancing the efficiency of ecological funds. Against this backdrop, the Premium Exchange (PRE DEX), incubated by the NAVI Protocol Foundation, is also steadily advancing its ecological layout. As the Sui financial system gradually takes shape, DeFi projects like PRE DEX are expected to play a more significant role in ecological trading and value discovery.

According to CoinDesk, the native stablecoin of the Sui blockchain, Sui Dollar (USDsui), has been launched. This stablecoin is issued by Bridge, a stablecoin company acquired by payment giant Stripe last year, and the profits generated from the underlying assets will be returned to the Sui ecosystem.Adeniyi Abiodun, co-founder of Mysten Labs, stated that the profits generated from the bonds and liquidity assets supporting USDsui will be used to buy back and burn SUI tokens, or deployed to decentralized finance (DeFi) protocols and automated market makers to incentivize trading. This contrasts with the model of mainstream stablecoin issuers like Tether and Circle, which retain all profits.

According to official news, Sui announced the launch of its ecosystem native stablecoin USDsui, issued by Bridge, a company under Stripe.USDsui will be launched this year and will be available for use in all wallets, DeFi protocols, and applications built on Sui once it goes live.In addition, USDsui will also achieve interoperability with other Bridge-based stablecoins on mainstream platforms such as Phantom, Hyperliquid, and MetaMask.