Overview

• USDi is slated to be backed 1:1 by BlackRock’s tokenized money market fund BUIDL, issued via Securitize, providing institutional-grade collateral.
• suiUSDe will be a native version of Ethena’s USDe on Sui, backed by USDe with the option to add delta‑hedged SUI to the collateral pool subject to governance.
• Ethena will deploy both assets through its Stablecoin-as-a-Service whitelabel program to accelerate distribution across DeFi and payments on Sui.
• The Sui Foundation and SUI Group plan to direct net proceeds from suiUSDe to buy back SUI tokens, linking stablecoin growth to ecosystem token demand, according to project statements.
• Launch is targeted for Q4 2025, with coverage noting regulatory proposals such as the GENIUS Act and reported investigations into digital asset treasury firms as potential hurdles alongside SUI Group’s recent token weakness.