Sui Network has launched protocol-level gasless stablecoin transfers on its mainnet as of May 20, eliminating the need for users to hold SUI tokens to pay transaction fees. This groundbreaking feature allows peer-to-peer stablecoin transactions with zero fees, covering a range of stablecoins including USDC, USDsui, suiUSDe, AUSD, FDUSD, USDB, and USDY. The initiative positions Sui as the first Layer 1 blockchain to offer such a service, enhancing usability by removing the barrier of native token requirements. The update has been well-received, with SUI's token price increasing by approximately 8% following the announcement. This development simplifies blockchain payment infrastructure for businesses by ensuring predictable costs and easier treasury management. Fireblocks, a digital asset custody platform, supports this feature, providing institutional-grade security and compliance from the outset.