The Sui blockchain ecosystem has launched USDsui, a new stablecoin pegged to the U.S. dollar, emphasizing stringent U.S. regulatory compliance and integration with traditional financial infrastructure via a Stripe-owned platform.
The initiative introduces a “multi-purpose digital dollar” built on Bridge’s Open Issuance platform, aiming to establish USDsui as a foundational stablecoin within the Sui network.
A key aspect of USDsui’s design is its adherence to the GENIUS Act, a U.S. stablecoin regulation approved earlier this year. The stablecoin is also designed to generate yields for its users in a regulatory-compliant manner.
USDsui is set to become accessible this year across wallets, decentralized finance (DeFi) protocols, and various applications on Sui’s Layer 1 blockchain. It will also be interoperable with other Bridge-powered stablecoins on platforms such as Phantom, Hyperliquid, and MetaMask.
The stablecoin’s technical framework leverages Sui’s object-oriented model and the Move programming language, enabling parallel transaction execution, sub-second finalization, and scalable processing. The official announcement highlighted USDsui’s potential to connect native network assets with global commerce and traditional financial systems, facilitating real-world payments, cross-border remittances, and peer-to-peer transfers.
Income generated from USDsui will be reinvested into the growth of the Sui ecosystem, supporting investment and development programs.
The launch occurs as Sui experiences rapid expansion, with its network facilitating stablecoin transfers exceeding USD $412 billion and current monthly volumes surpassing USD $200 billion, signaling robust demand for stable digital assets.
Adeniyi Abiodun, co-founder and Chief Product Officer of Mysten Labs, the entity behind Sui, stated the launch connects Sui’s assets “directly with global commerce, fintech, and traditional financial rails.” Abiodun added that USDsui enhances Sui’s existing stablecoin offerings, providing a reliable digital dollar that utilizes the network’s performance.
Zach Abrams, co-founder and CEO of Bridge, noted that his company’s platform is “designed precisely to allow platforms like Sui to launch their own stablecoins quickly and efficiently.”
USDsui is expected to complement existing stablecoins on Sui, reinforcing the network’s role in driving on-chain economic activity and enabling integrations across trading protocols, in-game economies, and remittance applications. Its focus on regulatory compliance and real-world utility is anticipated to accelerate Sui’s adoption as a leading on-chain economy, fostering innovations in DeFi, gaming, and global payments.