đ„ $SUI Just Dropped a Bombshell: Native #Stablecoins Are Coming!
đ Big Liquidity Shift on the Horizon
Sui is shaking things up. Instead of leaning on giants like $USDT or $USDC , itâs teaming up with Ethena Labs and SUI Group Holdings to roll out two of its own dollar-backed assets. Think of it as Sui saying: âWeâll make our own stablecoins, thanks.â
đž Meet suiUSDe A Yield Stablecoin
Hereâs where it gets juicy. The first one, suiUSDe, isnât your regular dollar peg. Itâs a yield-bearing synthetic stablecoin, using Ethenaâs reserve strategy. And get this the revenue from reserves will be used to buy SUI directly from the market. Thatâs like a built-in liquidity pump feeding the ecosystem on repeat.
đŠ The Second Player: USDi
Not everyone wants yield risk, right? So the second token, USDi, is fully backed 1:1 by BlackRockâs BUIDL tokenized money market fund. Safe, boring⊠but rock solid. Together, these coins mark the first time a non-EVM chain brings income-generating stablecoins to the table. Thatâs history being made.
đ Why It Matters for Sui
Sui processed $229 billion in stablecoin transfers in August alone. With these new coins, the chain is not just hosting liquidity itâs creating it. Every dollar flowing in strengthens Suiâs ecosystem while putting SUI tokens in constant demand. Talk about playing the long game.
âïž But Wait... Regulators Are Watching
Of course, Uncle Sam isnât asleep. Synthetic stablecoins are under the spotlight with the GENIUS Act, which could bring stricter rules. Even so, Sui, Ethena, and SUI Group are moving forward, betting that this shift will put them ahead of the pack.
đ So hereâs the big question: is this the start of a new stablecoin era on non-EVM chains, or just another risky experiment regulators might crush?
What do you think about this? đ
