Overview
- Sui announced USDsui as a USD‑pegged token native to its Layer‑1, issued through Bridge’s Open Issuance platform.
- The project says the stablecoin will interoperate with stablecoins across Phantom, Hyperliquid and MetaMask, and work with Sui wallets, DeFi protocols and apps.
- Sui frames the asset as compliant with the pending GENIUS Act for real‑world payments, though external regulatory approvals were not cited.
- Citing heavy stablecoin activity, Sui targets keeping fees in‑network after $412 billion in transfers in August–September 2025, according to AMBCrypto’s reporting.
- Intended uses include cross‑border payments, remittances and P2P transfers, with developer tooling positioned to support projects like the EVE Frontier in‑game economy.