KEYTAKEAWAYS
- USDsui launches as Sui’s first native stablecoin, merging Stripe’s payment power with blockchain to reshape DeFi, liquidity, and real-world digital dollars.
- Backed 1:1 by USD and built through Stripe’s Bridge, USDsui brings fast settlement, yield sharing, and global liquidity to the expanding Sui ecosystem.
- USDsui marks Sui’s shift from high-spe
CONTENT
In the blockchain world, stablecoins have become the bridge between digital assets and the real economy. Yesterday (November 12), the Sui Foundation officially announced the launch of USDsui, a native stablecoin for the Sui ecosystem, issued by Bridge, a subsidiary of Stripe. This news hit the market like a bomb and quickly sparked heated discussion across DeFi and Layer 1 ecosystems.
USDsui is not just another dollar-pegged stablecoin. It marks a strategic step for the Sui network, moving from high-performance infrastructure toward global payments and real-world asset (RWA) applications. This article looks at the deeper meaning of this event from several angles: background, technical details, market reaction, industry impact, and potential risks.
RISE OF THE SUI NETWORK AND STABLECOIN CHALLENGES
Sui is a Layer 1 blockchain developed by Mysten Labs. Since its mainnet launch in 2023, it has stood out with its unique Move programming language and object-centric architecture. The network can process thousands of transactions per second (TPS) and has shown strong growth in gaming, social applications, and DeFi.
By November 2025, Sui’s DeFi total value locked (TVL) had slipped slightly from last month’s 1.58 billion USD to about 1.35 billion USD. However, its monthly stablecoin transaction volume has already exceeded 200 billion USD, and during August–September alone it handled 412 billion USD in transfers.
This shows strong user demand for stablecoins on Sui, but it also exposes a problem in the ecosystem: heavy reliance on external stablecoins like USDC and USDT. This leads to fragmented liquidity and high cross-chain friction costs.
The stablecoin market is on the verge of major growth. According to Citi’s forecast, by 2030 the global stablecoin market could expand from the current 300 billion USD to between 1.9 trillion and 3 trillion USD. In this wave, chain-native stablecoins (such as Solana-native variants of USDC) have become key weapons for L1 chains competing for liquidity.
USDsui is the latest example of this trend. It aims to “anchor the Sui economy” and, through cooperation with Stripe, embed blockchain payments into traditional financial rails in a seamless way.
CORE MECHANISMS OF USDSUI: FROM ISSUANCE TO YIELD SHARING
The design of USDsui focuses on being “developer-friendly” and “enterprise-grade infrastructure.” It is issued on Bridge’s Open Issuance platform. This platform, launched by Stripe in September 2025, allows on-chain projects to deploy custom stablecoins quickly without having to deal with complex compliance and liquidity issues on their own.
More specifically:
Issuance and peg USDsui is backed 1:1 by U.S. dollar fiat reserves. Bridge is responsible for minting and redeeming the token. Users can deposit U.S. dollars through Sui wallets (such as Sui Wallet) or integrated applications to receive USDsui. When they redeem, they receive fiat currency back.
This process is optimized for Sui’s high-performance architecture and supports sub-second settlement.
Interoperability After launch, USDsui will integrate smoothly into all applications in the Sui ecosystem, including DeFi protocols like Cetus and Navi Protocol, as well as games such as EVE Frontier.
More importantly, it will be natively interoperable with other stablecoins in the Bridge ecosystem, such as USDB. It will support cross-platform liquidity across: • Phantom wallet on Solana • Hyperliquid derivatives platform • EVM-compatible wallets such as MetaMask
This connection will pipe Sui’s monthly stablecoin volume (already over 200 billion USD) into global liquidity pools and reduce friction for users.
Yield sharing and compliance Unlike traditional “zero-yield” stablecoins, USDsui introduces a “yield-sharing” model. Returns from reserve assets, such as U.S. Treasuries, will be partially shared with the Sui ecosystem and used to fund developer grants and growth programs.
At the same time, USDsui is “GENIUS-ready.” This means it is designed to comply with the upcoming U.S. GENIUS Act (Generating Economic Novelty in Innovative U.S. Stablecoins Act), providing transparent audits and regulatory compliance.
As the Sui Foundation puts it: “USDsui will reshape on-chain economic activity and drive the convergence of payments, DeFi, and real-world use cases.”
Technical highlights Powered by Sui’s DeepBook (the native liquidity layer), USDsui will support a hybrid model of deep order books and AMMs. This enables efficient lending and trading. Developers can easily integrate it via the Bridge API and offer “invisible” fiat-to-crypto conversion to users.
This design not only solves Sui’s internal liquidity bottlenecks, but also prepares the ground for RWA applications. You can imagine using USDsui to settle cross-border remittances or in-game micro-transactions, without needing to go through multiple bridges.
INDUSTRY IMPACT: STRIPE’S CRYPTO AMBITIONS AND INTENSIFYING L1 COMPETITION
The launch of USDsui is not only a milestone for Sui. It is also further proof that Stripe, through Bridge, is serious about the crypto space.
Since Stripe acquired Bridge in 2025, Bridge has issued more than 10 billion USD in stablecoins and has been seeking an OCC trust charter. This makes USDsui a pioneer of “invisible stablecoin payments”: merchants can accept USDsui through Stripe terminals, while users do not need to think about the blockchain layer at all.
For DeFi, USDsui will inject “on-chain dollars” into Sui. This may help TVL recover and increase competition with other L1 chains such as Aptos and Solana. Sui’s high TPS (over 10,000) combined with the yield-sharing model may attract RWA projects like tokenized Treasuries.
In the long run, this helps move stablecoins from simple “safe-haven tools” to “productive assets.” By 2030, the market size could reach 3 trillion USD.
CONCLUSION: SUI’S “DIGITAL DOLLAR ERA”
The birth of USDsui marks Sui’s shift from a “high-performance chain” to an “economic hub.” It links Stripe’s payment empire with the blockchain world and brings new energy to both DeFi and RWA use cases.
In a stablecoin market that seems ready to explode by 2030, Sui may become the next Solana if it can seize this opportunity.
For SUI holders, this could be the starting point for the token’s move back toward 5 USD. Let’s wait and see.
