Nasdaq-listed SUI Group has announced plans to launch two stablecoins, marking its entry into the stablecoin sector as the first digital asset treasury stock to do so. The company, which specializes in acquiring and holding Sui cryptocurrency, will collaborate with Ethena to issue these stablecoins. This initiative aims to decrease the Sui ecosystem's dependence on Circle's USDC.
SUI Group to Launch Two Stablecoins, Partners with Ethena
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