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$SUI announced on June 17 that it is moving into bank-issued stablecoins. Most CT people missed it.
Announcement content: Sui partners with Remi Technology to become the infrastructure for bank-issued stablecoins. Not USDC. Not USDT. Stablecoins issued directly on a public blockchain by regulated financial institutions.
This is a bridge from crypto-native settlement to TradFi settlement.
Background: On June 19, I posted that Sui processed $65 billion in stablecoin transfers within 4 days after gas-free activation. That was crypto-native volume.
Now Sui is positioning itself to achieve the same throughput with bank-issued stablecoins.