Sui Network & Ethena Labs Launch suiUSDe & USDi Stablecoins in Q4 2025
Sui Network and Ethena Labs have joined forces to launch suiUSDe and USDi, two significant stablecoins, in Q4 2025. This marks the first major non-EVM chain to have native stablecoin infrastructure.
The stablecoins, suiUSDe and USDi, are yield-bearing and backed by BlackRock's USD Institutional Digital Liquidity Fund, respectively. They are pegged 1:1 to the U.S. dollar, providing a stable and reliable option for users.
The initiative is a first-of-its-kind collaboration between a publicly traded digital-asset treasury, a foundation, and a stablecoin issuer. Profits earned from suiUSDe will be used to buy SUI tokens, reinforcing liquidity within the network. Guy Young, CEO of Ethena Labs, praised Sui's composability and swift execution, highlighting the potential of these stablecoins to increase the availability of DeFi services and payment rails on the Sui blockchain.
The launch of suiUSDe and USDi positions Sui as a leader in the stablecoin space, offering users a stable and reliable option for transactions and investments. Ethena Labs, using its Ethena Whitelabel platform and Stablecoin-as-a-Service model, is leading the rollout of these innovative stablecoins.
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