The team behind the Sui blockchain has announced the release of its native stablecoin, Sui Dollar (USDsui), pegged to the US dollar.
Sui Dollar is now live.
Issued by @Stablecoin, a @Stripe company, Sui Dollar (USDsui) is a native digital dollar built for scalable finance and global payments.
Enterprise-grade issuance. Compliance-ready rails. Onchain liquidity meets real-world payment utility.
Learn more 👇 pic.twitter.com/WaLCFceBNz
— Sui (@SuiNetwork) March 4, 2026
Announced in November 2025, the asset was issued via the Bridge platform, backed by payment giant Stripe. The stablecoin is already available on many major trading platforms and in wallets compatible with the protocol.
Aggregators have yet to list data on the coin, including its market capitalization and trading volumes.
According to the press release, USDsui is developed in compliance with the American Genius Act. Sui intends to reinvest the revenues from the coin into the ecosystem in the form of grants and incentives.
“Sui Dollar offers organizations and developers ready-made solutions for regulatory compliance with direct access to liquidity and the Sui financial ecosystem. Benefits include seamless cross-border payments, remittances, and peer-to-peer transactions,” the developers stated.
The total value locked in the L1 network stands at $625 million at the time of writing. Over the past four months, this figure has plummeted by 75%.
The native SUI coin has gained nearly 8% in the past 24 hours. The overall positive trend in the crypto market may have contributed to this uptick.
Back in January, Sui experienced a six-hour outage, during which block production was halted.