Launch of suiUSDe and USDi Stablecoins on Sui Network
SUI Group Holdings Limited has launched two new stablecoins, suiUSDe and USDi, on the Sui Network. The company partnered with Ethena, a synthetic dollar protocol, and the Sui Foundation for this initiative. The announcement was first made at TOKEN2049. These tokens aim to enhance liquidity across the $30 billion Sui Network.
suiUSDe is a synthetic dollar native to the Sui blockchain. USDi is a stablecoin backed by BlackRock’s BUIDL tokenized money market fund. Ethena Labs confirmed on X that both tokens will launch in Q4 2025. The stablecoins will integrate Ethena’s stablecoin-as-a-service directly into the Sui ecosystem.
Boosting DeFi and Financial Strength
Ethena has made USDe one of the largest USD-based digital assets, with over $14.8 billion in total value locked. Using this technology, SUI Group became the first publicly traded digital asset treasury to issue its own stablecoins. This approach combines on-chain stablecoin issuance with access to public markets.
The initiative supports decentralized finance (DeFi) and strengthens SUI Group’s financial position. A portion of net revenue from the stablecoin reserves will return to the company’s treasury. This will improve the balance sheet while increasing utility within the Sui ecosystem.
Strategic Importance and Market Position
The tokens were launched at minimal cost, highlighting capital efficiency. Sui becomes the first non-EVM blockchain to host a native high-yield stablecoin. Users benefit from low-cost, fast transactions across decentralized applications and payment systems.
Chairman Marius Barnett said, “With the launch of suiUSDe and USDi, SUI Group is evolving beyond a traditional DAT company to become an infrastructure builder.” He described the vision of creating a next-generation “SUI Bank” as a liquidity hub for blockchain.
The new stablecoins are expected to drive adoption and create new revenue streams from transaction flow and stablecoin demand. This move positions Sui as a growing hub for digital currency and strengthens SUI Group’s role in the stablecoin market.
