The project also involves Nasdaq-listed SUI Group Holdings Limited (NASDAQ: SUIG), making this one of the first collaborations between a blockchain foundation, a digital asset treasury firm, and a stablecoin issuer.
First Native Yield-Bearing Dollar on Sui
suiUSDe will be backed by digital assets paired with short futures positions, a structure that removes the need for fiat reserves while generating on-chain yield. The token will be the first income-generating stable asset native to Sui and the first such product to launch on a non-EVM blockchain.
The initiative goes beyond creating a stable digital dollar. Net income produced by suiUSDe will be used by both the Sui Foundation and SUI Group to repurchase SUI tokens on the open market, creating a direct feedback loop between stablecoin adoption and ecosystem growth.
Expanding Sui’s DeFi Infrastructure
Mysten Labs co‑founder Adeniyi Abiodun described the launch as a “new pillar” for Sui’s DeFi landscape, linking suiUSDe directly to core infrastructure like the DeepBook decentralized exchange. “One of the most trusted products in crypto will soon be native on Sui,” Abiodun said, emphasizing the significance of bringing a fully integrated stable asset into the ecosystem.
Sui’s performance metrics highlight why it is being positioned as a natural home for next‑generation stablecoins. In August 2025 alone, the chain processed $229 billion in stablecoin transfer volume, surpassing all prior records and showcasing its speed and scalability for high‑frequency financial activity.
Building a Treasury‑Backed Future
According to SUI Group Chairman Marius Barnett, the introduction of suiUSDe represents a step toward establishing a “SUI Bank” — a treasury‑powered structure designed to channel liquidity directly into the network. “We are creating one of the first publicly traded gateways to the global stablecoin economy,” Barnett said, underscoring the ambition behind the initiative.
Ethena CEO Guy Young added that Sui’s composability and throughput made it the ideal platform to launch suiUSDe. The token will also join Ethena Whitelabel, a program enabling leading chains and applications to issue their own digital dollars on top of Ethena’s infrastructure.
What Comes Next
suiUSDe is set to roll out later this year, followed by the launch of USDi, a stablecoin backed by BlackRock’s tokenized money market fund (BUIDL). Together, these products mark a new phase for Sui’s DeFi ecosystem, where stable assets not only serve as a medium of exchange but also fuel on‑chain growth through ecosystem buybacks and liquidity reinforcement.
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