The new USDsui token on Sui (layer-1 blockchain) offers gasless transfers and fast settlement, and the source says it is backed by U.S. Treasuries and issued by Stripe’s stablecoin arm.
USDsui, a new stablecoin on Sui (layer-1 blockchain), is now live, according to the source. The token is described as offering gasless transfers and fast settlement, two features aimed at improving payment efficiency and user experience on blockchain networks. The source also says USDsui is backed by U.S. Treasuries and issued by Stripe’s stablecoin arm, indicating a reserve-backed design intended to support price stability. Stablecoins are commonly used in digital asset markets for payments, trading, and moving value between platforms without direct exposure to cryptocurrency price volatility.