{"id":53000,"date":"2025-10-02T11:16:37","date_gmt":"2025-10-02T08:16:37","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=53000"},"modified":"2025-10-02T11:17:30","modified_gmt":"2025-10-02T08:17:30","slug":"exciting-stablecoin-move-from-sui","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/exciting-stablecoin-move-from-sui\/","title":{"rendered":"Exciting Stablecoin Move from Sui!"},"content":{"rendered":"<p>Digital asset powerhouse <strong>Sui Group Holdings<\/strong> is preparing to launch two different stablecoins on its Layer-1 blockchain, <strong>Sui<\/strong>. According to <em data-start=\"196\" data-end=\"213\">The Information<\/em>, the Nasdaq-listed company has formed a strategic partnership with <strong>Ethena <\/strong>to roll out these stablecoins by the end of the year.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/exciting-stablecoin-move-from-sui\/#Ethena_Partnership_and_a_Next-Gen_Stablecoin_Model\" title=\"Ethena Partnership and a Next-Gen Stablecoin Model\">Ethena Partnership and a Next-Gen Stablecoin Model<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/exciting-stablecoin-move-from-sui\/#Two_Stablecoins_Yield-Bearing_and_Non-Yield_Models\" title=\"Two Stablecoins: Yield-Bearing and Non-Yield Models\">Two Stablecoins: Yield-Bearing and Non-Yield Models<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/exciting-stablecoin-move-from-sui\/#Suis_Growing_Ecosystem\" title=\"Sui\u2019s Growing Ecosystem\">Sui\u2019s Growing Ecosystem<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/exciting-stablecoin-move-from-sui\/#Analyst_Commentary\" title=\"Analyst Commentary\">Analyst Commentary<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"354\" data-end=\"410\"><span class=\"ez-toc-section\" id=\"Ethena_Partnership_and_a_Next-Gen_Stablecoin_Model\"><\/span>Ethena Partnership and a Next-Gen Stablecoin Model<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"411\" data-end=\"727\">The first product, <strong>suiUSDe<\/strong>, is being developed using Ethena\u2019s infrastructure. Unlike traditional stablecoins backed by fiat reserves, suiUSDe will be supported by short-term trading positions in digital assets. This design ensures it maintains its dollar peg while also generating additional yield.<\/p>\n<p data-start=\"729\" data-end=\"964\">According to Sui Group, the revenues generated from suiUSDe will be used to purchase additional SUI tokens. These buybacks, coordinated jointly by the Sui Foundation and Sui Group, will be reintegrated into the ecosystem.<\/p>\n<p data-start=\"966\" data-end=\"1102\" data-is-last-node=\"\" data-is-only-node=\"\">This mechanism creates a self-sustaining cycle, where stablecoin usage directly fuels value creation within the Sui ecosystem.<\/p>\n<p data-start=\"966\" data-end=\"1102\" data-is-last-node=\"\" data-is-only-node=\"\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-53004 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/10\/photo_2025-10-02_10-49-50-300x169.jpg\" alt=\"\" width=\"707\" height=\"398\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/10\/photo_2025-10-02_10-49-50-300x169.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/10\/photo_2025-10-02_10-49-50-1024x576.jpg 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/10\/photo_2025-10-02_10-49-50-768x432.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/10\/photo_2025-10-02_10-49-50.jpg 1280w\" sizes=\"auto, (max-width: 707px) 100vw, 707px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Two_Stablecoins_Yield-Bearing_and_Non-Yield_Models\"><\/span>Two Stablecoins: Yield-Bearing and Non-Yield Models<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Sui<\/strong> Group is launching two stablecoins to cater to different use cases:<\/p>\n<ul>\n<li>suiUSDe: A yield-bearing, synthetic dollar model backed by digital assets.<\/li>\n<li>USDi: A non-yield, traditional stablecoin designed to maintain a fixed value without providing returns to holders.<\/li>\n<\/ul>\n<p>These two products aim to offer distinct value propositions, taking into account users\u2019 risk and return preferences.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Suis_Growing_Ecosystem\"><\/span>Sui\u2019s Growing Ecosystem<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Sui Group recently announced that <strong>SUI<\/strong> token holdings have surpassed $300 million. The company further strengthened this position with a $450 million private funding round and an agreement with the Sui Foundation for discounted token purchases.<\/p>\n<p>The Proof-of-Stake Layer-1 blockchain Sui positions itself as an alternative to major players like Ethereum and Solana. Optimized for high-performance DeFi applications, the network aims to expand its ecosystem to a broader user base with this new stablecoin initiative.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Analyst_Commentary\"><\/span>Analyst Commentary<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Crypto analysts view Sui\u2019s stablecoin move as a strategic step to strengthen the ecosystem. In particular, suiUSDe\u2019s revenue-generating feature positions it not only as a medium of transfer but also as an investment tool, potentially enhancing Sui\u2019s competitiveness in DeFi against Ethereum and Solana.<\/p>\n<p data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><em>Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube\u00a0<\/a>and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Digital asset powerhouse Sui Group Holdings is preparing to launch two different stablecoins on its Layer-1 blockchain, Sui. According to The Information, the Nasdaq-listed company has formed a strategic partnership with Ethena to roll out these stablecoins by the end of the year. Ethena Partnership and a Next-Gen Stablecoin Model The first product, suiUSDe, is<\/p>\n","protected":false},"author":37,"featured_media":53001,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[236,563,393,5165,1820,24445],"class_list":["post-53000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-altcoin","tag-altcoins","tag-crypto","tag-ethena","tag-sui","tag-sui-group-holdings"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Exciting Stablecoin Move from Sui!<\/title>\n<meta name=\"description\" content=\"Digital asset powerhouse Sui Group Holdings is preparing to launch two different stablecoins on its Layer-1 blockchain, Sui.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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