SUI Group to Launch First Native Sui Stablecoins
SUI Group has joined forces with Ethena and the Sui Foundation to launch suiUSDe and USDi, the first native stablecoins on the Sui blockchain.
New Sui-Native Stablecoins Aim to Bridge Onchain Liquidity and Public Markets
SUI Group Holdings (Nasdaq: SUIG) has announced a three-way partnership with Ethena and the Sui Foundation to launch suiUSDe and USDi, the first stablecoins native to the Sui network.
The collaboration marks an industry first, uniting a publicly traded digital asset treasury company, a blockchain foundation, and a leading stablecoin protocol. Ethena, best known for issuing USDe, brings its synthetic dollar infrastructure to Sui’s high-speed Layer 1 environment. The new stablecoins aim to combine synthetic assets with the institutional-grade backing of Blackrock’s BUIDL fund, which supports USDi.
According to Marius Barnett, Chairman of SUI Group, the stablecoins will position the company as one of the first publicly traded gateways to the global stablecoin economy.
We believe this initiative will add another powerful mechanism to drive liquidity, utility, and long-term value across the Sui blockchain. By unlocking new revenue streams tied to stablecoin adoption and transaction flow, we are focused on delivering scalable economic value for our shareholders.
Both stablecoins are expected to go live by the end of 2025, bringing yield-bearing digital dollars to the Sui ecosystem. With this launch, Sui becomes the first non-EVM network to host a native, yield-enabled stablecoin, a move that could redefine how liquidity, scalability, and financial utility converge onchain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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