I just noticed something interesting in the Sui ecosystem. Yesterday, the original stablecoin USDsui was launched on the mainnet, and it has significantly changed the game.

This asset was issued by Bridge, a company affiliated with Stripe, through the Open Issuance platform. It is a digital dollar designed for scalable finance and global payments. What caught my attention is that the USDsui yield structure is backed by bonds and liquid reserves, and some of the revenue is returned to the Sui ecosystem instead of being held outside.

According to reports, USDsui is accessible on DEX and various platforms on Sui, such as Turbos, Cetus, Bluefin, NAVI, Scallop, and Suilend, which means liquidity on Sui DEX will increase significantly. Mysten Labs stated that these funds might be used to buy back SUI tokens or support decentralized finance liquidity.

Regarding the SUI price, it is currently trading at $0.93, down 2.14% in 24 hours. The market cap is $3.66 billion. The technical structure looks interesting; the cheap price is compressed after a downward correction, forming a clear correction pattern above a strong support at $0.81–$0.83, which aligns with the 78.6%-88.7% Fibonacci zone. Buyers continue to defend this level, indicating accumulation rather than distribution.

The decreasing volatility signals a potential upward correction soon. If the SUI price breaks through and stays above $1.05 with strong trading volume, positive targets from Fibonacci extension would be at $1.10, $1.17, $1.21, and possibly up to $1.29. As the ecosystem and liquidity on Sui DEX grow driven by this new stablecoin, the strength of the breakout increases.

However, if it falls below $0.81, the bullish structure would be invalid, and a deeper pullback could occur. I am closely monitoring this situation because the launch of this native stablecoin could be a game-changer for Sui’s growth.