When Sui launched $USDsui back in March, I remember reading the line "money moves as freely as messages" in the announcement.

10 weeks later, the chart is starting to prove the point.
→ Launched March 4
→ $75M circulating supply
→ $31M in cumulative volume since the March launch
A few things that explain the shape of the curve:
1. At mainnet launch, USDsui was already live across Slush, Aftermath, Alphalend, Bluefin, Cetus, NAVI, Pyth, Scallop, Suilend, and Turbos. So the asset had DeFi composability from the beginning.
2. Sui's overall stablecoin volume is already at scale. $1T+ in stablecoin volume since August 2025. USDsui is plugging into a network that already moves real stablecoin volume.
3. The next big distribution unlock. @paga ($1.5B/month, one of Africa's largest payment networks) recently partnered with Sui to settle dollars on $USDsui. Once live, this could lock in serious demand.
And looking ahead, gasless transfers across every stablecoin and confidential payments are shipping later this year. That's when the cost and UX gap between stablecoins and traditional rails effectively closes.
Disclosure: I'm a long-term Sui supporter and $SUI holder.