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Sui joint stock company SUIG will launch synthetic US dollars suiUSDe.
Foresight News reports that Sui has announced the upcoming launch of suiUSDe in collaboration with Nasdaq-listed asset management company SUI Group Holdings Limited. This is a proprietary synthetic dollar token natively supported by Sui, with technical support from Ethena. suiUSDe will be backed by a combination of various digital assets and corresponding short positions. In addition to suiUSDe, a new stablecoin USDi, backed by the BlackRock USD Institutional Digital Liquidity Fund, which tokenizes the money market fund, will also be launched on the Sui platform later this year.