The Sui blockchain ecosystem is poised for a significant DeFi boost with the planned launch of two new native stablecoins. Sui Group Holdings, a major treasury on the network, is partnering with Ethena to introduce suiUSDe and USDi by the end of the year.
The key innovation is the yield-bearing suiUSDe, which will provide a return to holders, contrasting with the standard, non-yielding USDi. This gives users and developers on the high-speed Layer 1 blockchain a choice in how they interact with stable assets.
The launch is backed by Sui Group’s deep reserves, which include over $300 million in SUI tokens acquired at a discount from the Sui Foundation.
