Mysten Labs’ Abiodun says Sui processed over $1 trillion in stablecoin volume since August as it eyes free, private payments

Mysten Labs co-founder Adeniyi Abiodun announced that the Sui network has processed over $1 trillion in stablecoin volume since August. He positioned Sui as a future 'default network for how you move money,' envisioning zero-fee stablecoin transfers and private payments, drawing parallels to Meta's original Libra and Diem projects. Abiodun highlighted the high fees in traditional cross-border transfers and argued for evolving consumer expectations regarding financial privacy, stating users shouldn't have their bank accounts as transparent as public ledgers. He also predicted that money movement will increasingly adopt agentic workflows, similar to the dominance of automated systems in internet traffic, calling it crypto's killer use case. Sui is also preparing for future security risks by testing post-quantum signatures on its testnet, aiming for a rollout before 2030 EU mandates, and offered to open-source its quantum research. Despite a surge in developer activity, Sui has experienced recent technical issues, including network stalls in January 2026 and a previous outage in November 2024. The native SUI token has also seen a price decline.

(Source：The Block)