Sui Network introduces native stablecoin for payments and DeFi with Bridge
Sui Network has launched USDsui, a fiat-backed stablecoin developed in partnership with Bridge, which was acquired by Stripe earlier this year. USDsui aims to enhance DeFi, payments, e-commerce, and gaming on Sui's blockchain platform. It features yield-sharing and real-world use cases, and is designed to support advanced functionalities like AI agent transactions. This launch also highlights Stripe's further expansion into blockchain infrastructure and stablecoin support.
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Introduction of USDsui Stablecoin
Sui Network has introduced a new fiat-backed stablecoin called USDsui. USDsui has been developed in partnership with Bridge to enhance decentralized finance (DeFi) and payment solutions on the Sui blockchain platform.
Key Features of USDsui
The fiat-backed stablecoin is specifically designed for yield-sharing and real-world use cases. USDsui serves as a cornerstone for Sui's economy by supporting applications in e-commerce, gaming, traditional payments, and DeFi functions.
Compatibility with Advanced Features
USDsui is engineered to be GENIUS-ready, enabling seamless compatibility with advanced features such as AI agent transactions on Sui. This integration ensures that the stablecoin is capable of working with automated trading and transaction systems within the network.
Stripe's Role in Blockchain Expansion
The launch of USDsui also signifies Stripe’s continued expansion into blockchain infrastructure. Earlier this year, Stripe acquired Bridge, which has been instrumental in facilitating the technical integration of USDsui across Sui’s ecosystem.