➤ The large-scale adoption of stablecoins: Does Sui have the opportunity to overtake?

In the future, as the large-scale adoption of stablecoins brings more internet users into the Web3 world, currently only about 10% of internet users are Web3 users, indicating significant growth potential.

Since 2024, the market value of stablecoins on the Sui chain has experienced explosive growth, increasing nearly 200 times in a year, with the compliant stablecoin USDC being the main driving force, dominating 75% of the Sui stablecoin ecosystem.

Why is there a reason for potential overtaking?

1. The Sui project originated from the Facebook stablecoin team.

Core members of the Sui team come from Facebook (Meta) Diem/Libra stablecoin project. They have transformed Facebook's technological advantages, such as smart contract language (Move) and high-performance parallel processing, into the underlying architecture of Sui. At the time, the Diem/Libra stablecoin project had been fully developed, but was halted by regulatory issues. Now, with Circle's listing leading to a relaxation of regulations in the crypto industry, Sui has unique advantages in global compliance funding, institutional collaboration, and stablecoin expansion.