Stripe and Sui Foundation Launch USDsui Stablecoin
Stripe’s subsidiary Bridge has partnered with the Sui Foundation to launch USDsui, a native stablecoin on the Sui blockchain. The stablecoin will be issued via Open Issuance and is GENIUS-compatible, aiming to enhance network liquidity. Supported wallets, DeFi protocols, and applications on Sui will integrate USDsui.
U.S. Treasury Secretary Bessent forecasts that the stablecoin market could reach $3 trillion by 2030. Adeniyi Abiodun of Mysten Labs stated that USDsui connects Sui assets to global trade, fintech, and traditional finance. Drawing parallels to Ripple’s RLUSD, USDsui seeks to accelerate institutional collaboration and drive on-chain economic activity. Traders can expect improved liquidity and broader adoption as Sui expands its stablecoin ecosystem.
Bullish
The launch of USDsui stablecoin on the Sui network is likely bullish for the market. By boosting on-chain liquidity and integrating institutional-grade stablecoin infrastructure, this development can attract more DeFi activity and capital into the Sui ecosystem. Historical launches, such as USDC on Ethereum and RLUSD on Ripple, led to increased trading volumes and network growth. In the short term, traders may see greater liquidity and tighter spreads. Over the long term, USDsui’s institutional support and legal compliance could cement Sui’s position in global finance and encourage further stablecoin innovations across other blockchains.