todayonchain.com

Sui’s native USDsui stablecoin goes live with promise of Treasury yield going back to ecosystem

CoinDesk
Sui's native stablecoin, USDsui, launched with a commitment to return yield from its backing assets to the ecosystem.

Summary

The Sui blockchain's native stablecoin, USDsui, has gone live, promising that income generated from the U.S. Treasury bonds and liquid assets backing the token will be reinvested into the Sui ecosystem. Adeniyi Abiodun, co-founder of Mysten Labs (the original contributors to Sui), stated that this yield will be used to repurchase and burn SUI tokens or be deployed into DeFi protocols to incentivize swaps, contrasting with established stablecoin issuers like Tether and Circle, who keep the yield.

Plans for USDsui, issued by the stablecoin firm Bridge (acquired by Stripe), were first announced in late 2025. Sui was developed by former Meta engineers who worked on the abandoned Libra/Diem project. Abiodun emphasized that this model closes the loop, channeling "real yield from real world finance" back into DeFi to create a flywheel effect.

Bootstrapping USDsui is expected to be straightforward, as the Sui Foundation and Mysten Labs already hold significant stablecoins like USDC, and they have interest from investors and hedge funds looking to mint the new dollar-pegged token.

(Source:CoinDesk)