SuiUSDe: First Non-EVM Yield Stable Asset Goes Live, Supported by Ethena Labs and SUI Group Holdings

Ethena-backed suiUSDe, a synthetic dollar, has launched on Sui mainnet, marking the first non-EVM network to host a native, income-generating stable asset. SUI Group Holdings seeded a $10 million yield vault and integrated suiUSDe into multiple Sui DeFi protocols, linking net revenue to Sui token buybacks. This collaboration between Ethena Labs, SUI Group, and the Sui Foundation positions Sui as an infrastructure platform for tokenized real-world assets.