Sui Network Launches USDsui Stablecoin for Payments and DeFi
Sui Network has introduced USDsui, a U.S. dollar-backed stablecoin developed in collaboration with Bridge, a blockchain infrastructure firm acquired by Stripe. The stablecoin is designed to facilitate payments and decentralized finance (DeFi) on Sui's blockchain, with applications spanning wallets, apps, and DeFi platforms.
USDsui supports yield-sharing and adheres to the GENIUS Act, a regulatory framework for stablecoins enacted this year. Its use cases include e-commerce, gaming, and cross-border transactions, leveraging Bridge's infrastructure for seamless integration.
The launch underscores Sui's push to anchor its ecosystem with a native stablecoin, enabling real-world utility and AI-compatible transactions. Developers can now build apps and services around USDsui, further expanding Sui's DeFi and payment capabilities.
