SUI News Today: Stablecoins and Institutions Power SUI's Surge Past Market Gains

SUI, the native token of the Sui blockchain, has demonstrated robust accumulation dynamics, rising 5% following the announcement of its first native stablecoins, USDi and suiUSDe. The token has outperformed the broader crypto market, which saw a 2.5% gain over the past 24 hours, as measured by the CoinDesk 20 Index. Technical indicators suggest strong institutional interest, with SUI breaking through key resistance at $3.56 and establishing support at $3.55, supported by rising trading volume.

The price surge follows strategic developments, including the integration of SUI into t'order, a South Korean payment platform focused on the restaurant industry. This integration enabled transactions using a Korean-won stablecoin, spurring a spike in trading activity during early Asian hours. Volume exceeded daily averages, with 10.87 million tokens traded, signaling significant on-chain accumulation. Retail demand appears to be amplifying, particularly in Asia, where adoption of blockchain-based payment solutions is accelerating.

Institutional adoption is further bolstering SUI's momentum. Coinbase Derivatives plans to launch SUI futures contracts on October 20, opening new avenues for professional traders to engage with the asset. This move aligns with broader trends of institutional capital flowing into crypto markets, as seen in the record-breaking $9.72 trillion in combined spot and derivatives trading on centralized exchanges in August.

From a technical perspective, SUI has traded within a $0.19 range between $3.39 and $3.58, with a series of higher lows indicating an uptrend. The token's recent performance suggests a potential test of the psychological $3.60 level, a threshold that could attract further speculative and strategic buying. Analysts note that sustained institutional and retail inflows, coupled with product innovations like stablecoins, position SUI as a strong contender in the next phase of crypto market growth.

While challenges such as market volatility and regulatory scrutiny persist, SUI's current trajectory reflects confidence in the Sui blockchain's ecosystem. The project's focus on scalable, low-cost transactions and partnerships with payment platforms underscores its appeal to both developers and end-users. If the upward momentum continues, SUI could emerge as a key player in the next wave of blockchain adoption, particularly in markets where stablecoin integration and institutional infrastructure are critical drivers.

Source: [1] SUI Jumps 5% as Sui Blockchain Announces Native Stablecoins Amid Broader Rally (https://www.coindesk.com/markets/2025/10/02/sui-jumps-5-as-sui-blockchain-announces-native-stablecoins-amid-broader-rally)