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Sui Automatically Implements Privacy for Stablecoin Transactions

The Layer-1 blockchain network Sui Network announced plans to upgrade its infrastructure to make stablecoin asset transactions within their ecosystem automatically private. According to an official statement on Monday (May 25), Adeniyi Abiodun, Co-Founder of Mysten Labs (the main development team of Sui), emphasized that this step was taken to address the main barrier to institutional adoption, which has been hesitant to enter the Web3 space due to the exposure of their asset ownership data publicly.
This strategic move clarifies Abiodun's statement via the X platform on Monday (May 25), which mentioned that mass consumer adoption absolutely requires a high-level data security system (consumer-grade). For Mysten Labs, privacy should not stand alone without compliance functions; rather, it must be designed to remain aligned and adaptable to the global regulatory framework applicable in the market during urgent situations.
This automatic privacy innovation for stablecoin transactions is projected to change the landscape of blockchain infrastructure market competition in attracting large corporate capital flows. By providing balance protection and transaction history comparable to conventional banking systems while maintaining decentralization efficiency, Sui aims to bridge the fundamental needs of traditional financial players seeking to migrate to the crypto ecosystem.