The Sui Network has launched USDsui, a stablecoin backed by the U.S. dollar designed to power payments and decentralized finance (DeFi) on its blockchain. Developed in partnership with Bridge, a blockchain infrastructure company acquired by Stripe earlier this year, USDsui works seamlessly across wallets, apps, and DeFi platforms for everyday transactions like shopping and gaming, earning rewards.
Bridge’s Open Issuance platform streamlines the launch of USDsui, allowing developers to build apps and services quickly, enabling seamless international money transfers, peer-to-peer payments, and integration with popular wallets such as Phantom, Hyperliquid, and MetaMask.
Sui Network emphasizes that USDsui is a Fiat-backed stablecoin designed to meet the requirements of the GENIUS Act, ensuring compatibility with automated systems and AI transactions on the network.
USDsui also integrates with Sui’s native liquidity layer, Deepbook, supporting in-game economies like EVE Frontier. This launch is seen as a major step towards developing a self-sustaining ecosystem for stablecoin economics on the Sui blockchain.