SUI, the native token of the Sui blockchain, rose 5% on Wednesday after the project announced it would introduce its first native stablecoins, USDi and suiUSDe. The announcement comes at a time when investors are showing renewed interest in SUI, which is now outperforming the broader crypto market. The CoinDesk 20 Index — a gauge of top digital assets — is up 2.5% over the same 24-hour period. SUI climbed from $3.42 to $3.58 in the session, with technical signals showing clear bullish momentum. The tok ...

Those were only practice rate cuts, unironically, and we’re starting off Uptober with a solid pump. Sui Crypto has joined the upward move, with traders eyeing $5 by 2026 as a plausible milestone should the broader rally continue. If this is a fake pump, then I’m looking forward to the soup line. Meanwhile, BlackRock, the SUI Group, the Sui Foundation, and Ethena just announced plans to launch suiUSDe (a native synthetic dollar) and USDi (backed by BlackRock’s tokenized money market fund BUIDL). Unlike t ...

Sui. Photo by BeInCrypto One SUI treasury is making an ambitious gamble, launching two stablecoins based on the token's blockchain. SUI Group has partnered with Ethena Labs to release these tokens by the end of 2025. The firm plans to add utility to SUI's blockchain, providing a possible new use case for altcoin DATs everywhere. However, extreme regulatory and market pressures could collapse the project entirely. SUI Treasury Launches Stablecoins In July, Mill City Ventures made headlines by rebranding ...

WAYZATA, Minn.--(BUSINESS WIRE)--SUI Group Holdings Limited ("SUI Group,†"SUIG†or the "Company†) (NASDAQ: SUIG), in partnership with Ethena, a DeFi synthetic dollar protocol, and the Sui Foundation, today announced the launch of suiUSDe, a Sui-native synthetic dollar token, and USDi, a stablecoin backed by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) tokenized money market fund. Ethena is the protocol behind USDe, the third-largest and fastest-growing USD-denominated digital. ...