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LA "SUI"-SUSTAINABILITY COMES TO BLOCKCHAIN! 🌐
#sui Launches Its Own Stablecoin #USDsui to Dominate DeFi and Comply with the GENIUS Law
The high-performance Layer 1 blockchain, Sui, has announced plans to launch its own stablecoin linked to the US dollar, USDsui, through the open issuance of Bridge. This strategic move aims to consolidate the native financial infrastructure of the network.
USDsui is designed to be the "fundamental stablecoin" for the Sui network. This means providing developers with a fully integrated, compatible, and optimized solution for Sui's high-performance architecture and scalability.
Integration and Broad Access: The launch is expected this year, and the token will be accessible through a wide range of products: wallets, DeFi protocols, and applications built on Sui.
Key Interoperability: The new stablecoin will focus on interoperability, promising to be compatible with major wallets and platforms such as Phantom, Hyperliquid, and MetaMask, expanding its utility beyond the native Sui ecosystem.
Infrastructure Reinforcement: Adeniyi Abiodun, co-founder of Mysten Labs (lead developer of Sui), emphasized that USDsui is a "crucial piece of infrastructure" that will leverage the unmatched performance of the network to offer a reliable digital dollar.
Regulatory Focus: A crucial point is that USDsui is designed to comply with the GENIUS Law, the new regulatory framework from the US government for stablecoins. This underscores Sui's focus on compliance and its aspiration for wider adoption in the conventional financial system.
#SUI🔥 #SUİ $SUI
{spot}(SUIUSDT)
#sui Launches Its Own Stablecoin #USDsui to Dominate DeFi and Comply with the GENIUS Law
The high-performance Layer 1 blockchain, Sui, has announced plans to launch its own stablecoin linked to the US dollar, USDsui, through the open issuance of Bridge. This strategic move aims to consolidate the native financial infrastructure of the network.
USDsui is designed to be the "fundamental stablecoin" for the Sui network. This means providing developers with a fully integrated, compatible, and optimized solution for Sui's high-performance architecture and scalability.
Integration and Broad Access: The launch is expected this year, and the token will be accessible through a wide range of products: wallets, DeFi protocols, and applications built on Sui.
Key Interoperability: The new stablecoin will focus on interoperability, promising to be compatible with major wallets and platforms such as Phantom, Hyperliquid, and MetaMask, expanding its utility beyond the native Sui ecosystem.
Infrastructure Reinforcement: Adeniyi Abiodun, co-founder of Mysten Labs (lead developer of Sui), emphasized that USDsui is a "crucial piece of infrastructure" that will leverage the unmatched performance of the network to offer a reliable digital dollar.
Regulatory Focus: A crucial point is that USDsui is designed to comply with the GENIUS Law, the new regulatory framework from the US government for stablecoins. This underscores Sui's focus on compliance and its aspiration for wider adoption in the conventional financial system.
#SUI🔥 #SUİ $SUI
{spot}(SUIUSDT)
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