Sui has announced the launch of USDsui, a native stablecoin designed to facilitate gasless transfers on its network. This development aims to eliminate the need for users to hold SUI tokens for transaction fees, thereby simplifying on-chain activities. USDsui will serve as the primary fiat-backed asset on the network, operating alongside the native SUI token. The stablecoin will also integrate with the Deepbook decentralized exchange.
USDsui is issued by Stripe's Bridge under U.S. law, allowing Sui to share interest from Treasury-backed reserves. This issuance structure complies with the GENIUS Act, providing a federal framework for stablecoin compliance. The network, which processed $412 billion in transfer volume between August and September, plans to migrate activity from third-party stablecoins like USDC to USDsui, capturing yield from stablecoin reserves. The launch aligns with Stripe's strategy to enhance stablecoin payments across high-throughput networks.
Sui Launches USDsui Stablecoin for Gasless Transfers
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