February 12 News, the Sui Foundation announced that the synthetic US dollar suiUSDe supported by the Ethereum ecosystem has officially launched on the Sui mainnet. This is the network’s first native synthetic US dollar asset, marking a significant step forward for Sui in decentralized financial infrastructure and providing new tools for on-chain leverage trading, lending, and liquidity strategies.
suiUSDe (also known as eSui Dollar) has been integrated into the Sui core financial system and is the first synthetic US dollar to receive support from DeepBook Margin. DeepBook Margin is Sui’s on-chain leverage and liquidity platform, offering unified clearing, risk control, and settlement modules. With this system, developers can quickly deploy financial products based on suiUSDe without building complex risk frameworks themselves.
Currently, major protocols such as Aftermath, AlphaLend, Bluefin, Cetus, Deeptrade, Navi, Scallop, and Suilend have synchronized support for this asset, enabling its direct use across multiple DeFi scenarios. SUI Group Holdings also participated in the launch, believing it will create more efficient foundational conditions for institutional capital operations and liquidity management.
suiUSDe was developed in collaboration with Ethena Labs, based on Ethena’s synthetic US dollar system. However, it is not a cross-chain bridged asset but is designed for native operation on Sui, aiming to reduce stablecoin fragmentation and improve capital utilization. Through deep integration with DeepBook Margin, this asset can support more complex portfolio strategies and hedging structures.
To accelerate ecosystem liquidity deployment, SUI Group has established an permissionless vault on the Ember protocol, injecting $10 million worth of suiUSDe, with an initial capacity of $25 million, open to institutions and retail investors. Adeniyi Abiodun, co-founder of Mysten Labs, stated that this case demonstrates the advantages of Sui’s composable architecture in lowering technical barriers.
With the landing of suiUSDe, Sui adds a key “US dollar cornerstone” to DeFi, which is expected to drive higher trading activity, deeper liquidity, and broader institutional participation.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ripple CEO says Gary Gensler apologizes for the legal battle with crypto
Brad Garlinghouse, CEO of Ripple, revealed that former SEC Chairman Gary Gensler allegedly apologized to him regarding their lengthy legal battle. This exchange reportedly occurred during a digital asset policy meeting at the White House. Ripple challenged Gensler's enforcement strategy, winning a landmark ruling in 2023 that determined XRP is not a security. The legal dispute is expected to officially conclude in early 2025.
TapChiBitcoin6m ago
Aave controversy continues: Labs makes concessions by not forcing migration to v3, $42 million fund proposal leads in voting
Aave DAO is currently voting on a proposal to allocate up to $42 million to Aave Labs, with support votes slightly ahead. The proposal has sparked controversy, mainly because Aave Labs originally planned to force users to migrate to the new version. Critics argue that the funding request is too high and have suggested splitting the vote, but Aave Labs insists on an all-or-nothing vote.
GateNews6m ago
MoonPay Teams Up with M0 to Launch PYUSDx: PayPal USD Supports App Stablecoin
MoonPay and M0 launch the PYUSDx framework, allowing developers to quickly issue their own branded stablecoins, reducing deployment time to just a few days. This framework uses PayPal USD as the reserve asset and is issued by a subsidiary of MoonPay. The PYUSDx token is different from PYUSD, as it does not support PayPal transactions, aiming to expand PYUSD's market circulation and align with MoonPay's AI-driven financial infrastructure development.
MarketWhisper8m ago
USDT, Computing Power, and Agent: Tether's AI Financial System Experiment
Written by: Yokiiiya
A friend sent me a website a couple of days ago, which is a wallet development tool aimed at developers.
If you only think of Tether as a stablecoin company, this page might seem a bit "cross-industry." So I followed WDK further and found QVAC (local)
TechubNews26m ago
SIGN (Sign) increased by 20.12% in the past 24 hours
Gate News Update, February 28 — According to CoinMarketCap data, at the time of press, SIGN (Sign) is trading at $0.03, up 20.12% in the past 24 hours. The price reached a high of $0.03 and a low of $0.02. The current market capitalization is approximately $46.9 million, an increase of $7.85 million from yesterday.
Sign is an infrastructure platform dedicated to promoting blockchain-based national applications, with the slogan "Blockchain for nations. Crypto for all." The platform's core products include three main application systems: programmable currencies (CBDC and stablecoins), digital identity systems (verifiable credentials), and sovereign capital markets (RWA).
Sign has established strategic partnerships with several national governments. The Central Bank of Kyrgyzstan has collaborated with Sign to develop
GateNews31m ago
AINFT launches Bank of AI, now deeply integrated with five core components including x402
TRON Ecosystem AI Infrastructure AINFT Launches AI Agent New Infrastructure Bank of AI, integrating multiple core tools to simplify AI Agent development and identity verification, promoting the development of an AI-driven Web 4.0 symbiotic economic network.
GateNews55m ago
