SUI Partners With Ethena, Sui Foundation to Launch Native Stablecoins

MT Newswires Live

Oct 02

SUI (SUIG) said late Wednesday that it has partnered with Ethena and the Sui Foundation to launch suiUSDe and USDi native stablecoins.

suiUSDe is a Sui-native synthetic dollar token built on Ethena's protocol, while USDi is a stablecoin backed by the BlackRock USD Institutional Digital Liquidity Fund.

The company expects both stablecoins to go live before the end of the year.

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