The Sui blockchain has announced the introduction of its first native stablecoins, USDi and suiUSDe, in collaboration with Ethena and BlackRock's tokenized fund. This development has led to a 5% increase in the value of SUI, the blockchain's native token, as it outperforms the broader cryptocurrency market. The stablecoins are expected to launch later this year, signaling a significant step for Sui in expanding its financial ecosystem and attracting investor interest.
This move comes amid a broader market rally and increased scrutiny on cryptocurrency products, as highlighted by recent ETF developments. The introduction of native stablecoins could enhance Sui's market position by providing more stable investment options and potentially increasing liquidity. However, the blockchain's recent $220 million Cetus exploit underscores the importance of robust security measures as Sui continues to innovate and expand its offerings.
SUI Cryptocurrency: A New Era with Native Stablecoins
October 10, 2025
1 min read
The Sui blockchain has announced the introduction of its first native stablecoins, USDi and suiUSDe, in collaboration with Ethena and BlackRock's tokenized fund. This development has led to a 5% increase in the value of SUI, the blockchain's native token, as it outperforms the broader cryptocurrency market. The stablecoins are expected to launch later this year, signaling a significant step for Sui in expanding its financial ecosystem and attracting investor interest.