$SUI Stablecoins Launch via #Ethena Partnership


Sui Group Holdings will introduce two stablecoins on the Sui blockchain before 2025 ends, marking a historic move for the Nasdaq-listed digital asset treasury. The company has partnered with Ethena to develop suiUSDe and USDi, targeting increased liquidity within the #Sui ecosystem.


The suiUSDe token will provide yield to holders, while USDi operates without generating returns. Both stablecoins aim to reduce dependence on Circle's USDC and expand financial options across the layer-1 network. Ethena brings significant infrastructure experience, having grown $USDe into the third-largest dollar-denominated digital asset with over $14.8 billion in total value locked.


This launch positions $SUI as the first non-Ethereum Virtual Machine blockchain to host native high-yield #stablecoins. The integration leverages Ethena's established protocol and Sui Group's treasury backing to deliver stability and low transaction costs. Industry observers view this as groundbreaking corporate participation in stablecoin markets.


Sui Group Chairman Marius Barnett described the initiative as transforming the company beyond traditional treasury functions. He envisions creating a "next-generation SUI Bank" that serves as a liquidity hub for the entire ecosystem. The partnership with #Ethena and #Sui Foundation demonstrates a long-term commitment to scalable infrastructure development.

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October 02, 2025 at 12:57 PM
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