Back
SUI Group and Ethena Partner to Launch Yield-Bearing Stablecoins on Sui Blockchain

SUI Group and Ethena Partner to Launch Yield-Bearing Stablecoins on Sui Blockchain

The Sui blockchain’s token, SUI, gains 5% in value after the launch of its first native stablecoins, signaling strong institutional and retail interest.

SUI
BUIDL
ENA

Fact Check
The statement is directly confirmed by multiple sources. The CryptoBriefing article explicitly states, 'SUI Group and Ethena partner to introduce yield-bearing stablecoins on the Sui blockchain.' This is corroborated by another source from X.com which specifies the partnership is to issue 'yield-bearing suiUSDe'. Additional evidence confirms that Ethena's primary product is a yield-bearing stablecoin, making the claim highly credible.
    Reference: 123
Summary

SUI rose 5% after the Sui blockchain announced the upcoming launch of its first native stablecoins, USDi and suiUSDe. This boost comes amid strong institutional interest, including Coinbase’s upcoming SUI futures contracts and a partnership with a South Korean payment platform. The token is outperforming the broader crypto market, with SUI showing bullish technical momentum and strong trading volume.

Terms & Concepts
  • USDi: A stablecoin on the Sui blockchain backed by the tokenized BlackRock USD Institutional Digital Liquidity Fund (BUIDL).
  • suiUSDe: An Ethena-supported synthetic USD stablecoin native to the Sui blockchain, backed by digital assets and short futures positions.