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Sui Launches Native USDsui Through Stripe's Bridge

Sui has introduced USDsui, a new U.S.-compliant stablecoin developed using Bridge's Open Issuance platform, which is owned by Stripe. This stablecoin will enable integration across various decentralized finance (DeFi) protocols, wallets, and applications on the Sui network, ensuring interoperability with stablecoins from other platforms such as Phantom and MetaMask. The launch of USDsui is aimed at supporting Sui's on-chain economy, which processes over $200 billion in stablecoin transfers monthly. With USDsui, developers can leverage a compliant digital dollar for applications such as trading protocols or in-game marketplaces, facilitating instant and low-cost transactions while adhering to regulatory standards. The co-founder of Bridge emphasized the simplicity and efficiency of the Open Issuance platform in streamlining the stablecoin deployment process. Revenues from USDsui will be reinvested into the Sui ecosystem to foster further development and growth.

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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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