Sui's native stablecoin, Sui Dollar (USDsui), has been officially launched.

03/04 14:36

 Sui blockchain's native stablecoin Sui Dollar (USDsui) was launched today. The stablecoin is issued by Bridge, a stablecoin company acquired last year by payment giant Stripe, and the revenue generated from its underlying assets will be returned to the Sui ecosystem. Mysten Labs co-founder Adeniyi Abiodun stated that the income generated from bonds and liquidity assets supporting USDsui will be used to buy back and burn SUI tokens, or deployed to decentralized finance (DeFi) protocols and automated market makers to incentivize trading. This contrasts with mainstream stablecoin issuers like Tether and Circle, who retain all earnings. (CoinDesk)
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