USDsui launches mainnet on Sui

Sui USDsui stablecoin, issued by Bridge, a company owned by Stripe, has officially launched on the mainnet.

According to the announcement on Wednesday, "Sui Dollar" is designed as a unified digital dollar to serve scalable finance and global payments. This stablecoin can be accessed on wallets, DeFi protocols, and applications built on Sui, and is compatible with other stablecoins issued by Bridge.

Launched in November last year, USDsui is designed to comply with the GENIUS Act — the US stablecoin legislation passed in 2025. Previously, President Donald Trump argued that the GENIUS Act was being threatened and weakened by banks, amid ongoing debates over yield payments for stablecoins, which continue to divide the banking and crypto industries.

Sui was developed by engineers who previously worked on Meta’s Diem project. The core development team behind Sui is Mysten Labs, aiming to build a network that excels in speed and scalability.

The Sui Foundation stated that launching a native digital dollar on the network will expand tools for developers, organizations, and users to build the next generation of internet-native financial services.