Sui launching USDsui stablecoin via Bridge amid growing adoption
The Block
Sui is launching its native, U.S. dollar-pegged stablecoin, USDsui, through Bridge's Open Issuance to support network growth.Summary
Sui is preparing to launch its proprietary stablecoin, USDsui, via Bridge's Open Issuance as stablecoins gain traction in mainstream finance, evidenced by interest from firms like Standard Chartered and Visa. USDsui is designed to be a foundational, compliant-ready stablecoin for the Sui network, optimized for its high-performance architecture and interoperable across Bridge’s ecosystem, Phantom, Hyperliquid, and MetaMask. Adeniyi Abiodun, co-founder at Mysten Labs, stated that USDsui adds crucial infrastructure leveraging Sui's scalability and performance. The new token, launching this year, is intended to comply with the U.S. government's GENIUS Act framework for stablecoins.
(Source：The Block)