The Blockchain SU will soon house its first native stablecoins, following a three -way partnership between the three -way digital cash. and the Suis Foundation.
The new tokens, USDI and Suiusde should be launched later this year, according to a press release. The USDI will be supported in 1: 1 by Blackrock’s Tokenized Money Market Fund Buidl issued with a tokenization specialist. Meanwhile, Suiusde will reflect the USDE offer of $ 14 billion from Ethena, a synthetic dollar supported by a mixture of digital assets and short derivatives.
“We believe that this initiative will add another powerful mechanism to stimulate liquidity, utility and long -term value through the Blockchain SUI, while positioning SUIG as one of the first trades listed on the world economy of Stablescoin,” said Marius Barnett, president of SUIG, in a press release.
This decision is the latest example of crypto ecosystems that have made steps to issue stable and owners partners with service providers instead of relying solely on existing offers such as Circle’s And USDT de Tether .
For example, A network of layer 1 known for its popular swaps perpetual swaps exchange, held an auction for the rights to issue the native stablecoin to slow down its dependence on the USDC, with native markets in partnership with Stripe winning the competition. Megaeth, an Ethereum scaling network designed for rapid transactions, also announced the launch of a native stablecoin, in partnership with Ethena.
In August, the SU network processed $ 229 billion in Stablecoin transfer volume, exceeding its previous recordings, according to a blog article from the SU Foundation. This kind of flow is part of what attracted Ethena to the chain. “The performances and components of Su Suis have made a clear choice,” said Guy Young, CEO of Ethhena Labs.
