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Sui Blockchain to Host Native Stablecoins Backed by Ethena and BlackRock's BUIDL

The Sui blockchain is set to launch its first native stablecoins, USDi and suiUSDe, through a collaboration involving SUI Group (SUIG), Ethena, and the Sui Foundation. USDi will be backed 1:1 by BlackRock's tokenized money market fund BUIDL, while suiUSDe will be a synthetic dollar supported by a mix of digital assets and derivatives akin to Ethena's $14 billion USDe token. This initiative aims to bolster liquidity and utility on the Sui blockchain, marking a significant movement towards proprietary stablecoins in the crypto industry. The new tokens are anticipated to enhance engagement and financial mechanisms within the Sui ecosystem, enabling greater transaction fluidity. In August, the Sui network achieved a notable $229 billion in stablecoin transfer volume, indicating strong marketplace activity that attracted Ethena to the platform. This move represents a broader trend in the crypto ecosystem, where networks are increasingly pursuing tailored stablecoin solutions rather than relying on established players like USDC and Tether for stability and liquidity. The launch of USDi and suiUSDe is positioned to facilitate more dynamic financial interactions within the Sui blockchain.

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Bullish to Offer Bitcoin Options Trading With Top-Tier Consortium of Trading Partners

Bullish, the NYSE-listed digital assets platform, will launch bitcoin options trading on October 8, with offerings margining and settling in USDC. This initiative is driven by rising demand for hedging instruments in the crypto sector and will feature European-style options with contract expiries from three weeks to three months. The

Alpaca launches Instant Tokenization Network for US stocks

Alpaca has introduced the Instant Tokenization Network (ITN), enabling institutions to mint and redeem tokenized US stocks directly. This development is aimed at enhancing on-chain liquidity in the tokenization market, which has faced structural barriers. The ITN allows for portfolio tokenization with a single API call and facilitates in-kind settlements,

Alpaca launches Instant Tokenization Network for US stocks

Alpaca has unveiled its Instant Tokenization Network (ITN), enabling institutions to mint and redeem tokenized US stocks directly, significantly enhancing onchain liquidity and addressing structural barriers in the tokenization market. The ITN allows for the tokenization of portfolios with a single API call and offers 24/7 access, facilitating in-kind

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