SuiUSDe price

SuiUSDe

SuiUSDe is a native synthetic dollar stablecoin launched on the Sui blockchain through a groundbreaking collaboration between the Sui Foundation, Nasdaq-listed SUI Group Holdings (SUIG), and Ethena Labs—the protocol powering the USDe synthetic dollar with over $14 billion in market cap.

SuiUSDe represents the first high-yield, income-generating stable asset on a non-EVM chain. SuiUSDe will be backed by a mix of digital assets and corresponding short futures positions.

The introduction of SuiUSDe also establishes a powerful mechanism for ecosystem growth. All of the net income generated by the natively branded stable asset, minus costs, will be channeled directly back into the Sui ecosystem to purchase the native SUI token. These purchases will be executed both by the Sui Foundation and SUI Group.