SUI token gains momentum with a 5% rise after announcing native stablecoins and new integrations, underscoring growing institutional and retail adoption.
SUI, the native token of the Sui blockchain, rose 5% after the project announced the launch of its first native stablecoins, USDi and suiUSDe. The token outperformed the broader crypto market, which rose 2.5% over the past 24 hours, according to the CoinDesk 20 Index. SUI broke through key resistance at $3.56, supported by increased trading volume and institutional interest. Coinbase Derivatives confirmed plans to list SUI futures contracts on October 20, while South Korean payment platform t’order integrated SUI for transactions, fueling additional retail demand.