The Sui Foundation, working in collaboration with SUIG Holdings and Ethena, has revealed plans to launch suiUSDe, a synthetic dollar token designed specifically for the Sui blockchain. The initiative marks a significant milestone for the ecosystem, bringing together a foundation, a digital asset treasury firm, and a stablecoin issuer to introduce a new asset aimed at driving liquidity and stability within decentralized finance on the Sui network.
According to the partners, suiUSDe will be supported by a diversified backing model that combines digital assets with short futures positions. This structure is intended to provide stability while also generating yield for the ecosystem. Notably, Sui will become the first non-EVM blockchain to host such a product, leveraging Ethena’s existing infrastructure for stability and issuance. A portion of the income from reserves is expected to be reinvested by the Sui Foundation and SUIG into purchasing SUI tokens, adding long-term value to the network.
Strengthening DeFi infrastructure
Executives from Mysten Labs, the developer behind the Sui blockchain, described the initiative as a major step forward in building the foundation of the network’s DeFi infrastructure. They highlighted that the new token would directly integrate with existing platforms such as decentralized exchanges and other liquidity venues, creating a stronger ecosystem for both retail and institutional participants. The project has been presented as a potential draw for major financial institutions exploring stable assets within blockchain environments.
The strategy of channeling net income back into SUI token purchases reflects a model aimed at both sustainability and growth. Industry observers noted that this move comes at a time when global stablecoin transfers have surpassed the combined volumes of traditional payment networks such as Visa and Mastercard, demonstrating the accelerating adoption of blockchain-based dollar alternatives.
Leveraging scalability and speed
Sui’s technical performance is considered central to the decision to introduce suiUSDe on its blockchain. The network has already emerged as a leader in stablecoin transfers, recording $229 billion in volume in August 2025 alone. With its high throughput and scalability, Sui offers an environment well-suited for managing stablecoin transactions at both institutional and retail levels.
Representatives from SUIG Holdings stressed that the introduction of suiUSDe supports their broader vision of developing a concept referred to as a SUI Bank. The idea centers on expanding liquidity and embedding greater value within the Sui ecosystem by anchoring it to a reliable, income-generating digital dollar alternative.
Sui joins MegaETH, among other tier-one partners soon to be announced, that are building their own digital dollars with Ethena.
More about the Ethena Whitelabel program can be found here:https://t.co/XiPrVPWHTL
— Ethena Labs (@ethena_labs) October 1, 2025
Expanding Ethena’s footprint
For Ethena Labs, the collaboration reinforces its role as a prominent digital dollar provider. The company has positioned suiUSDe as part of its Whitelabel product line, which allows high-performance blockchains and consumer applications to launch stable, dollar-denominated digital assets. Executives from Ethena noted that Sui’s composability and transaction efficiency were decisive factors in selecting the network as the first non-EVM environment for the launch of a new synthetic dollar token.
Outlook for the ecosystem
The suiUSDe is scheduled to debut later this year and is expected to introduce new opportunities for liquidity, stability, and institutional engagement across the Sui network. By combining innovative token design with a reinvestment model that supports the native ecosystem, the initiative positions Sui as a serious competitor in the expanding stablecoin market.
Observers believe that the collaboration among Sui Foundation, SUIG Holdings, and Ethena reflects a broader trend of blockchain platforms aligning with stablecoin providers to enhance adoption and functionality. If successful, the launch of suiUSDe could cement Sui’s place as a hub for advanced stablecoin solutions, offering a model that other non-EVM chains may seek to replicate.
