Sui Blockchain to Launch First Native Stablecoins USDi and SuiUSDe Through SUIG and Ethena Partne...

Sui blockchain will launch two new native stablecoins through a partnership with SUIG and Ethena Labs.

USDi will be backed by BlackRock's tokenized fund, while suiUSDe will use Ethena's synthetic dollar model.

The move shows a growing trend of blockchains creating stablecoins to reduce reliance on USDC and USDT.

The Sui blockchain will soon support its first native stablecoins. A new partnership between SUI Group (SUIG), Ethena Labs, and the Sui Foundation has been announced. The collaboration will introduce two proprietary tokens, USDi and suiUSDe, expected to launch by the end of this year.

USDi will be backed 1:1 by BUIDL, a tokenized money market fund from BlackRock. This fund is issued in partnership with Securitize, a digital asset tokenization provider. On the other hand, suiUSDe will be modeled after Ethena’s synthetic dollar, USDe. The $14 billion product is backed by digital assets and short derivatives.

The move marks a shift in the strategy of blockchain ecosystems. Other than depending on the USDC or the USDT, an increasing number of platforms are resorting to bespoke stablecoins. The goal of this change is to improve control, liquidity, and on-chain stability.

Alternative to Existing Dominant Stablecoins

This development adds Sui to a growing list of networks creating native stablecoins. Recently, Hype, a layer-1 blockchain known for perpetual swaps, auctioned off stablecoin issuance rights. Native Markets and Stripe won the auction to manage USDH, its new stablecoin.

Likewise, MegaETH, an Ethereum scaling solution, also moved in the same direction. It formed a partnership with Ethena to issue a stablecoin tailored to its fast transaction model. These efforts reflect a broader trend of reducing dependency on dominant stablecoins like USDC and USDT.

Sui’s approach uses established financial infrastructure and synthetic asset models. By leveraging BlackRock’s fund and Ethena’s synthetic structure, the tokens aim to provide stability and utility. The dual-token model offers both transparency through asset backing and flexibility through digital derivatives.

High Volume Signals Network Strength

Sui’s performance metrics support the network’s expansion into stablecoins. In August, the chain handled $229 billion in stablecoin transfer volume. This figure represents a new peak in its stablecoin activity.

The network’s ability to process high volumes has drawn attention from protocol developers. It shows that Sui can support large-scale, asset-based operations. Ethena’s decision to launch suiUSDe on Sui reflects confidence in the chain’s capacity and architecture.

Developers also benefit from Sui’s composability features. These features allow easy integration of stablecoins into decentralized applications. The network’s efficiency makes it a suitable environment for scaling stable asset use cases.

Positioning SUIG in the Stablecoin Economy

SUIG, as a publicly traded firm, gains a strategic role through this initiative. Its involvement places it at the center of a growing stablecoin economy. With USDi tied to a regulated money market fund, SUIG ensures compliance and transparency. Just recently, SUI Group Holdings expanded its position within the Sui blockchain network with the addition of 20 million tokens.

At the same time, the synthetic nature of suiUSDe adds a flexible option. The combination strengthens the Sui ecosystem’s offerings for developers, traders, and institutions.

This multi-party collaboration highlights a clear trend. Blockchain networks are taking more control over stablecoin infrastructure through custom solutions and strategic partnerships.