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<p>The Sui Foundation's buyback program has passed a new milestone, with the total amount of <a href="https://x.com/search?q=%24SUI&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$SUI</a> purchased using stablecoin yield now above 1.1 million tokens. The program, run on the Sui Network (<a href="https://x.com/SuiNetwork" rel="noopener noreferrer nofollow">@SuiNetwork</a>), buys the token on the open market each day.</p>
<p>The figure marks a steady climb for the program. In late August, year-to-date buybacks stood at about 516,800 $SUI, and the total passed 609,800 in early September, based on figures circulated by market commentators. The latest total is roughly double the level of those early September readings.</p>
<h2 id="how-the-sui-buyback-program-works">How the Sui Buyback Program Works</h2>
<p>According to the Sui project's <a href="https://www.sui.io/buybacks" rel="noopener noreferrer nofollow">official buybacks dashboard</a>, the network earns revenue from gas fees and from yield on stablecoins held on the chain. <cite>Revenue from stablecoin yield funds daily open-market SUI buybacks.</cite> The dashboard describes a feedback loop in which <cite>purchased SUI is reinvested into the ecosystem, which grows stablecoin float, driving more yield to repurchase more SUI.</cite></p>
<p>The tokens are not burned. The dashboard states that <cite>the Foundation buys SUI on the open market and reinvests it into the ecosystem rather than removing supply, so total supply is unchanged by the buybacks.</cite><cite>Bought-back SUI is distributed to network participants such as DeFi projects, validators and other ecosystem partners.</cite> That distinction matters for investors, since a buyback that is redistributed does not reduce supply in the way a burn would.</p>
<p>The model is closely tied to USDsui, the network's native stablecoin. <cite>The Sui Dollar (USDsui) went live with a promise that income from the assets backing the token can be funneled back into the ecosystem</cite>, according to CoinDesk. Webopedia reported that <cite>USDsui supply hit a record $80 million, up 20.5% in 90 days.</cite></p>
<h2 id="stablecoin-growth-is-the-key-variable">Stablecoin Growth Is the Key Variable</h2>
<p>Because buyback funding scales with stablecoin float, the size of the program depends on how much stablecoin value stays on the network. Data from Stablecoin Beat shows <cite>total stablecoin supply on Sui was $430 million as of 4 September 2026.</cite> Crypto Economy reported that <cite>supply reached roughly $1.6 billion in May 2025 before falling to around $492 million by the end of the first half of 2026.</cite></p>
<p>Analysts have urged caution on how much weight to place on the buybacks. Bitcoinist noted that <cite>a buyback can support token demand, but only relative to its size.</cite> The publication added that the market will want to see float growth, yield generation, buyback execution and distribution outcomes.</p>
<p>Activity on the network has also been shifting toward payments. Crypto Economy reported that Sui has <cite>processed more than $65 billion in fee-free stablecoin transfers since June 10 following a protocol upgrade.</cite></p>
<p>For $SUI holders, the main thing to watch is whether stablecoin balances on the network grow enough to lift the yield that funds the program.</p>
<h2 id="sources">Sources</h2>
<p><a href="https://www.sui.io/buybacks" rel="noopener noreferrer nofollow">Sui Network Revenue and SUI Buybacks dashboard</a><br><a href="https://www.coindesk.com/business/2026/03/04/sui-s-native-stablecoin-goes-live-with-promise-of-treasury-yield-going-back-to-the-network" rel="noopener noreferrer nofollow">CoinDesk: Sui's native stablecoin goes live</a><br><a href="https://www.webopedia.com/news/sui-usdsui-80-million-supply-growth-buybacks/" rel="noopener noreferrer nofollow">Webopedia: Sui's USDsui stablecoin hits record $80M</a><br><a href="https://crypto-economy.com/sui-stablecoin-supply-nears-500m-as-network-volume-surpasses-65b/" rel="noopener noreferrer nofollow">Crypto Economy: Sui stablecoin supply nears $500M</a></p>
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Sui Foundation Buybacks Pass 1.1 Million SUI Funded by Stablecoin Yield

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