Sui Launches Native USDsui Through Stripe's Bridge
Sui has introduced USDsui, a new U.S.-compliant stablecoin utilizing Bridge’s Open Issuance platform. This stablecoin aims to integrate into decentralized finance (DeFi), wallets, and applications, and it will interact with other Bridge-supported stablecoins, such as those from Phantom, Hyperliquid, and MetaMask. The rollout comes after Sui experienced over $400 billion in stablecoin transfers, indicating robust demand for a compliant digital asset. USDsui is designed to facilitate instant, low-cost transactions while ensuring compliance with regulations. Developers can leverage the stablecoin for various applications, including trading protocols and in-game marketplaces, enhancing the usability of Sui's blockchain. Bridge’s Open Issuance platform simplifies the process for projects like Sui to launch stablecoins efficiently.
Source 🔗