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Sui Launches Native Stablecoin USDsui Using Bridge’s Open Issuance Platform

The Sui blockchain ecosystem has launched a new stablecoin, USDsui, designed to be a U.S.-compliant digital dollar. This stablecoin leverages Bridge's Open Issuance platform, facilitating its integration into decentralized finance (DeFi) applications, wallets, and other platforms like Phantom and MetaMask. USDsui aims to bolster Sui's on-chain economy by providing a compliant asset for the over $200 billion in monthly stablecoin transfers on its network. Developers can utilize USDsui for diverse applications, from trading protocols to gaming, promoting instant low-cost transactions that conform to regulations. The launch is timely considering Sui's recent processing of substantial stablecoin transfer volumes, highlighting a demand for a dedicated, compliant digital asset. As stated by Bridge's CEO, Zach Abrams, Open Issuance significantly reduces the complexities and timelines usually associated with stablecoin deployment, empowering ecosystems like Sui to quickly establish their own stablecoins and enhance their offerings.

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Would-Be $2 Billion Solana Treasury Company's Stock Crashes After Share Offering

Shares of VisionSys AI, a brain-machine and AI firm, fell over 77% in one day following its announcement of a registered direct offering intended to raise around $12 million. This significant decline marks an 88% drop over the past week, with current shares priced at $0.29. The company, which

Would-Be $2 Billion Solana Treasury Company's Stock Crashes After Share Offering

VisionSys AI (VSA), a publicly traded brain-machine and artificial intelligence company, recently announced a stock offering that sent its shares plummeting by more than 77%. Following the news, VSA stock dropped to approximately $0.29, reflecting a staggering decline of over 88% in just a week. The firm had ambitious

Would-Be $2 Billion Solana Treasury Company's Stock Crashes After Share Offering

Shares in VisionSys AI (VSA), a firm focused on brain-machine interface technology, plummeted by over 77% on Wednesday following the announcement of a stock offering aimed at raising approximately $12 million. The stock has fallen more than 88% over the past week, trading at about $0.29 per share, the

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