Sui has entered the local stablecoin market with USDsui.

Sui's New Stablecoin USDsui

Sui has introduced a digital dollar called USDsui, which is compliant with the United States and carries rewards. This stablecoin is built on the Bridge Open Minting platform. USDsui will be integrated with Decentralized Finance (DeFi), wallets, and applications, and will be compatible with other stablecoins such as Phantom, Hyperliquid, and MetaMask.

USDsui aims to be the backbone of Sui's growing on-chain economy. This economy conducts over $200 billion in stablecoin transfers each month.