SUI News Today: Sui's Triple-Party Stablecoin Pact Aims to Dethrone USDC in DeFi

Sui Group Holdings Limited (NASDAQ: SUIG) has announced the launch of two native stablecoins, and , in collaboration with Ethena, a synthetic dollar protocol, and the Sui Foundation. The initiative marks the first stablecoin project jointly developed by a publicly traded digital asset treasury company, a blockchain foundation, and a stablecoin issuer. The tokens are designed to enhance liquidity and utility on the Sui blockchain while positioning SUIG as a gateway to the global stablecoin economy SUI Group Partners with Ethena and the Sui Foundation to Launch …^[1].

, a synthetic dollar, will leverage Ethena's infrastructure, which already supports USDe-a $14.8 billion total value locked (TVL) asset-while will be backed 1:1 by BlackRock's BUIDL tokenized money market fund. The partnership with Ethena and BlackRock aims to combine the stability of the U.S. dollar with Sui's high-speed, composable Layer 1 infrastructure, enabling low-cost transactions and seamless integration across decentralized finance (DeFi) and payments ecosystems SUI Group Launches suiUSDe and USDi Stablecoins^[2]. Sui Group emphasized that the stablecoins will be launched at minimal cost, with limited ongoing expenses, reflecting its capital-efficient operating model Sui Blockchain to Introduce USDi and suiUSDe Stablecoins by Year …^[3].

The project underscores a strategic shift in the stablecoin landscape, as blockchain networks increasingly develop proprietary tokens to reduce reliance on external stablecoins like USDC and USDT. Sui's stablecoin ecosystem is already gaining traction: in August 2025, the network processed $229 billion in stablecoin transfers, surpassing prior records SUI Jumps 5% as Sui Blockchain Announces Native Stablecoins …^[4]. The launch of suiUSDe and USDi is expected to further drive adoption, with both tokens projected to go live by Q4 2025.

SUI Group's Chairman, Marius Barnett, highlighted the initiative's potential to create a "next-generation SUI Bank" serving as a central liquidity hub for the ecosystem. The stablecoins will generate revenue through reserve management, with net proceeds reinvested into SUI Group's treasury to strengthen its balance sheet and enhance shareholder value Ethena USD market capitalization 2025: Web3 stablecoin industry ...^[5]. This approach aligns with broader industry trends, as DeFi protocols and institutional players seek scalable, yield-generating stablecoin solutions.

The partnership with Ethena also leverages the protocol's expertise in synthetic dollar technology, which has enabled USDe to become the third-largest USD-denominated digital asset. Ethena's CEO, Guy Young, noted that Sui's high throughput and composability made it an ideal platform for expanding stablecoin adoption Sui Blockchain to Host Native Stablecoins Backed by Ethena and ...^[6]. Meanwhile, USDi's backing by BUIDL-a tokenized fund managed by Securitize-ensures regulatory clarity and institutional trust, critical for attracting a diverse user base Stablecoins on SUI: 2025 Report - stablecoininsider.com^[7].

Market analysts observe that Sui's stablecoin strategy could reshape the competitive landscape. By embedding stablecoin-as-a-service directly into its ecosystem, Sui aims to capture a larger share of the $251.7 billion stablecoin market, where USDT and USDC dominate. The Sui blockchain's growing transaction volumes and developer activity-such as the Cetus Protocol's $170.7 million daily trading volume-further signal its potential to rival Ethereum in DeFi adoption .

As stablecoin issuance becomes a focal point for blockchain innovation, Sui Group's collaboration with Ethena and the Sui Foundation highlights the convergence of DeFi infrastructure and public market access. With the tokens set to launch later this year, the project could accelerate Sui's position as a leader in the next phase of on-chain financial infrastructure.