{"id":"usdsui","title":"USDsui","content":"**USDsui**, also known as the **Sui Dollar**, is the native, fiat-backed stablecoin of the [Sui](https://iq.wiki/wiki/sui) [blockchain](https://iq.wiki/wiki/blockchain), pegged 1:1 to the U.S. dollar. [\\[1\\]](#cite-id-OXUpZhyBcxSbKnme) [\\[2\\]](#cite-id-6jg0ZPzW1WQmddQL) It was launched in early March 2026 and is issued by [Bridge](https://iq.wiki/wiki/bridge), a company owned by the global financial technology firm Stripe. [\\[3\\]](#cite-id-G7K2KRNiHxGZlwlW) [\\[4\\]](#cite-id-X9N3kWP5dy3UIgwL)​\n\n## Overview\n\nUSDsui is designed to be a foundational digital dollar for the [Sui](https://iq.wiki/wiki/sui) ecosystem, facilitating scalable finance, global payments, and peer-to-peer transfers. [\\[5\\]](#cite-id-KB3J8gZXciqOCeUj) Its introduction was a strategic initiative by the [Sui](https://iq.wiki/wiki/sui) network to serve as a bridge between traditional finance (TradFi) and [decentralized finance](https://iq.wiki/wiki/defi) (DeFi), providing a core, trusted asset for developers and users. [\\[6\\]](#cite-id-cMVWRsCeLS83msrb)​\n\nThe stablecoin's launch was timed to address a significant liquidity contraction that the [Sui](https://iq.wiki/wiki/sui) network had experienced since the fourth quarter of 2025, with liquidity dropping by approximately 40%, or $400 million, before its release. The launch of a native stablecoin was viewed as a pivotal moment to bolster the network's fundamentals and attract liquidity. [\\[6\\]](#cite-id-cMVWRsCeLS83msrb) USDsui is built to leverage [Sui](https://iq.wiki/wiki/sui)'s high-performance architecture, which includes features like parallel transaction execution and sub-second finality, making it suitable for high-throughput applications in DeFi, gaming, and global commerce. [\\[3\\]](#cite-id-G7K2KRNiHxGZlwlW)​\n\n## History\n\nThe development of USDsui followed several key events. In February 2025, the financial technology company Stripe acquired [Bridge](https://iq.wiki/wiki/bridge), the entity that would later provide the issuance infrastructure for the stablecoin. [\\[3\\]](#cite-id-G7K2KRNiHxGZlwlW) Later that year, between August and September 2025, the [Sui](https://iq.wiki/wiki/sui) network demonstrated its capacity for high-volume transactions by processing a combined $412 billion in stablecoin transfer volume, indicating strong market readiness for a native stable asset. [\\[3\\]](#cite-id-G7K2KRNiHxGZlwlW)​\n\nThe upcoming launch of USDsui was officially announced on November 12, 2025. [\\[3\\]](#cite-id-G7K2KRNiHxGZlwlW) The stablecoin was developed with U.S. stablecoin legislation in mind, specifically the [GENIUS Act](https://iq.wiki/wiki/genius-act). One report noted that the [GENIUS Act](https://iq.wiki/wiki/genius-act) had been passed into law in 2025, while other sources at the time of the launch described the legislation as anticipated or awaiting future implementation. [\\[4\\]](#cite-id-X9N3kWP5dy3UIgwL) [\\[5\\]](#cite-id-KB3J8gZXciqOCeUj) [\\[3\\]](#cite-id-G7K2KRNiHxGZlwlW) Another analysis noted the launch coincided with positive market sentiment regarding the passage of proposed stablecoin legislation referred to as the [CLARITY Act](https://iq.wiki/wiki/clarity-act). [\\[6\\]](#cite-id-cMVWRsCeLS83msrb)​\n\nUSDsui went live on the [Sui](https://iq.wiki/wiki/sui) [mainnet](https://iq.wiki/wiki/mainnet) in early March 2026, with news reports and blockchain data confirming its launch between March 4 and March 6, 2026. [\\[5\\]](#cite-id-KB3J8gZXciqOCeUj) [\\[1\\]](#cite-id-OXUpZhyBcxSbKnme) [\\[2\\]](#cite-id-6jg0ZPzW1WQmddQL)​\n\n## Issuer and Governance\n\n### Issuer and Key Organizations\n\nUSDsui is officially issued by [Bridge](https://iq.wiki/wiki/bridge), a platform specializing in stablecoin orchestration and infrastructure. [\\[3\\]](#cite-id-G7K2KRNiHxGZlwlW) [Bridge](https://iq.wiki/wiki/bridge) is a subsidiary of Stripe, a major global payments and financial technology company, providing the stablecoin with significant institutional backing. [\\[2\\]](#cite-id-6jg0ZPzW1WQmddQL) [\\[4\\]](#cite-id-X9N3kWP5dy3UIgwL)​\n\nThe underlying blockchain, [Sui](https://iq.wiki/wiki/sui), was developed by [Mysten Labs](https://iq.wiki/wiki/mysten-labs), a company founded by former members of Meta's Diem (formerly Libra) cryptocurrency project. [\\[4\\]](#cite-id-X9N3kWP5dy3UIgwL) While [Bridge](https://iq.wiki/wiki/bridge) manages the issuance, the [Sui](https://iq.wiki/wiki/sui) Foundation is the designated beneficiary of the stablecoin's revenue-sharing model, with funds intended to foster growth across the network. [\\[5\\]](#cite-id-KB3J8gZXciqOCeUj)​\n\n## Technology and Features\n\n### Issuance and Architecture\n\nUSDsui is issued using Bridge's \"Open Issuance\" platform, which is described as enterprise-grade infrastructure that provides a \"turnkey\" solution for creating and integrating custom stablecoins. [\\[5\\]](#cite-id-KB3J8gZXciqOCeUj) [\\[3\\]](#cite-id-G7K2KRNiHxGZlwlW) This setup is designed to simplify the process for developers to build applications using a stable unit of account on [Sui](https://iq.wiki/wiki/sui), such as in-game economies or DeFi protocols. [\\[5\\]](#cite-id-KB3J8gZXciqOCeUj)​\n\n### Native Integration and Interoperability\n\nAs a native asset on the [Sui](https://iq.wiki/wiki/sui) network, USDsui is not a bridged version of a stablecoin from another blockchain. This native status allows it to fully leverage the performance features of the [Sui](https://iq.wiki/wiki/sui) architecture, such as parallel transaction processing and sub-second finality, for greater security and efficiency. [\\[2\\]](#cite-id-6jg0ZPzW1WQmddQL) [\\[3\\]](#cite-id-G7K2KRNiHxGZlwlW)​\n\nThe stablecoin is deeply integrated into the [Sui](https://iq.wiki/wiki/sui) ecosystem, making it accessible across all compatible wallets, [decentralized applications](https://iq.wiki/wiki/decentralized-application) (dApps), and DeFi protocols, including [Sui](https://iq.wiki/wiki/sui)'s native liquidity layer, Deepbook. [\\[5\\]](#cite-id-KB3J8gZXciqOCeUj) Furthermore, USDsui was engineered for interoperability with other stablecoins powered by Bridge's platform on different chains and is compatible with wallets and applications such as [Phantom](https://iq.wiki/wiki/phantom-wallet), [Hyperliquid](https://iq.wiki/wiki/hyperliquid), and [MetaMask](https://iq.wiki/wiki/metamask). [\\[3\\]](#cite-id-G7K2KRNiHxGZlwlW)​\n\n## Economic Model and Tokenomics\n\n### Revenue Reinvestment Model\n\nA central feature of USDsui's economic design is that revenue generated for the [Sui](https://iq.wiki/wiki/sui) ecosystem from the stablecoin's operations is reinvested directly back into the network. [\\[5\\]](#cite-id-KB3J8gZXciqOCeUj) [\\[2\\]](#cite-id-6jg0ZPzW1WQmddQL) This reinvestment is intended to fund ecosystem growth initiatives, grants, and investment programs to support developers and foster innovation on [Sui](https://iq.wiki/wiki/sui). [\\[3\\]](#cite-id-G7K2KRNiHxGZlwlW)\n\n### Yield-to-Buyback Mechanism\n\nThe revenue reinvestment is achieved through a \"Yield-to-Buyback\" model. Under this mechanism, the yield generated from the issuance of USDsui is used to fund systematic buybacks of the [Sui](https://iq.wiki/wiki/sui) Network's native token, [SUI](https://iq.wiki/wiki/sui). This process is designed to create a deflationary pressure on [SUI](https://iq.wiki/wiki/sui) by reducing its circulating supply over time. The intended effect is to create a positive feedback loop that supports the long-term value of the [SUI](https://iq.wiki/wiki/sui) token and reinforces the network's overall tokenomics. [\\[6\\]](#cite-id-cMVWRsCeLS83msrb)\n\n### Supply and Market Data\n\nShortly after its launch in March 2026, the total supply of USDsui was reported to be approximately 5 million tokens, with an uncapped maximum supply. [\\[1\\]](#cite-id-OXUpZhyBcxSbKnme) At that time, its circulating supply had not yet been reported by major data aggregators, which is a common occurrence for newly launched assets as on-chain data is indexed. The token maintained its peg to the U.S. dollar, with its all-time high recorded at $1.01 and all-time low at $1.00 on March 6, 2026. [\\[5\\]](#cite-id-KB3J8gZXciqOCeUj) [\\[1\\]](#cite-id-OXUpZhyBcxSbKnme)\n\n## Use Cases and Adoption\n\n### DeFi and Payments\n\nUSDsui is positioned as a foundational asset for decentralized finance (DeFi) on the [Sui](https://iq.wiki/wiki/sui) network. It serves as a stable unit of account and medium of exchange for activities such as trading, lending, and borrowing within [Sui](https://iq.wiki/wiki/sui)'s DeFi protocols. [\\[5\\]](#cite-id-KB3J8gZXciqOCeUj) Beyond DeFi, it is designed to enable scalable global payments, including cross-border remittances and peer-to-peer (P2P) transfers, connecting the on-chain economy with traditional commerce. [\\[2\\]](#cite-id-6jg0ZPzW1WQmddQL)\n\n### Developer and Enterprise Integration\n\nThe stablecoin provides a ready-made solution for developers and organizations building on [Sui](https://iq.wiki/wiki/sui). It offers a stable value layer for various applications, from in-game economies to enterprise-level financial services, granting builders direct access to on-chain liquidity. [\\[3\\]](#cite-id-G7K2KRNiHxGZlwlW) [\\[2\\]](#cite-id-6jg0ZPzW1WQmddQL)\n\n### Market Availability\n\nUpon its launch, USDsui was made available for trading on several decentralized exchanges (DEXs) within the [Sui](https://iq.wiki/wiki/sui) ecosystem. The most active exchange in the initial days was Bluefin, with other platforms including Turbos Finance, Cetus, and Ferra (DLMM). The primary trading pair established was USDSUI against [USDC](https://iq.wiki/wiki/usdc). The token's contract address on the [Sui](https://iq.wiki/wiki/sui) blockchain begins with `0x44f`. [\\[1\\]](#cite-id-OXUpZhyBcxSbKnme)\n\n## Regulatory Compliance\n\nFrom its inception, USDsui was positioned as a \"compliant-ready solution\" intended to meet regulatory standards. [\\[5\\]](#cite-id-KB3J8gZXciqOCeUj) The stablecoin was specifically designed to be compliant with a significant piece of U.S. government legislation for stablecoins. [\\[4\\]](#cite-id-X9N3kWP5dy3UIgwL)\n\nThis legislation is most frequently referred to in sources as the [GENIUS Act](https://iq.wiki/wiki/genius-act) or the American [Genius Act](https://iq.wiki/wiki/genius-act). [\\[2\\]](#cite-id-6jg0ZPzW1WQmddQL) [\\[4\\]](#cite-id-X9N3kWP5dy3UIgwL) Another source noted the launch coincided with positive market expectations for proposed legislation named the [CLARITY Act](https://iq.wiki/wiki/clarity-act). [\\[6\\]](#cite-id-cMVWRsCeLS83msrb) There were conflicting reports regarding the status of the [GENIUS Act](https://iq.wiki/wiki/genius-act) at the time of the launch in March 2026; one source stated it had been passed into law in 2025, while others referred to it as a future or anticipated piece of legislation whose enactment was still pending. [\\[4\\]](#cite-id-X9N3kWP5dy3UIgwL) [\\[3\\]](#cite-id-G7K2KRNiHxGZlwlW) [\\[5\\]](#cite-id-KB3J8gZXciqOCeUj)","summary":"USDsui is a native, USD-pegged stablecoin on the Sui Network. Issued by Stripe's subsidiary, Bridge, it is designed for scalable finance and global payments. Revenue generated is reinvested back into the Sui ecosystem to fund growth initiatives.","images":[{"id":"QmYYEtcPMGsQWHdePtR6DjLPhax2JNiejMPJzfu5ZtaoUi","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptocurrencies","title":"cryptocurrencies"}],"tags":[{"id":"Stablecoins"}],"media":[{"id":"QmeAqxTmTf4sFwbVohCGcK2yoP71YTdurBmJkNNReFTQf7","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmcFZR4hjZbh4qpiCfxa8H1AREJZJqrz9KDoAbBh2TMRYM","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmUpihgyuYqaaky53iJ6kEZY6NNxXFbhu2gBWFFy8NX5Xi","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmRKGHHnZGaBrCc6B8ddL115NJUp4EqaT8svUZC8YhweWo","type":"GALLERY","source":"IPFS_IMG"}],"metadata":[{"id":"references","value":"[\n  {\n    \"id\": \"OXUpZhyBcxSbKnme\",\n    \"url\": \"https://www.coingecko.com/en/coins/usdsui\",\n    \"description\": \"CoinGecko USDsui market data\",\n    \"timestamp\": 1772878129688\n  },\n  {\n    \"id\": \"6jg0ZPzW1WQmddQL\",\n    \"url\": \"https://forklog.com/en/sui-network-launches-native-stablecoin-usdsui/\",\n    \"description\": \"Forklog report on USDsui launch\",\n    \"timestamp\": 1772878129688\n  },\n  {\n    \"id\": \"G7K2KRNiHxGZlwlW\",\n    \"url\": \"https://blog.sui.io/sui-unveils-usdsui-native-stablecoin/\",\n    \"description\": \"Official Sui blog post announcing USDsui\",\n    \"timestamp\": 1772878129688\n  },\n  {\n    \"id\": \"X9N3kWP5dy3UIgwL\",\n    \"url\": \"https://www.theblock.co/post/392271/sui-joins-stablecoin-race-with-usdsui-mainnet-launch\",\n    \"description\": \"The Block coverage of the USDsui launch\",\n    \"timestamp\": 1772878129688\n  },\n  {\n    \"id\": \"KB3J8gZXciqOCeUj\",\n    \"url\": \"https://coinmarketcap.com/currencies/usdsui/\",\n    \"description\": \"CoinMarketCap overview of USDsui stablecoin\",\n    \"timestamp\": 1772878129688\n  },\n  {\n    \"id\": \"cMVWRsCeLS83msrb\",\n    \"url\": \"https://ambcrypto.com/usdsui-launch-inside-suis-strategic-move-to-shake-up-defi/\",\n    \"description\": \"AMBCrypto analysis of USDsui's strategic launch\",\n    \"timestamp\": 1772878129688\n  }\n]"},{"id":"website","value":"https://sui.io/"},{"id":"twitter_profile","value":"https://twitter.com/SuiNetwork"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/usdsui"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/usdsui/"},{"id":"github_profile","value":"https://github.com/MystenLabs"},{"id":"discord_profile","value":"https://discord.gg/sui"},{"id":"sui","value":"https://suiscan.xyz/mainnet/coin/0x44f838219cf67b058f3b37907b655f226153c18e33dfcd0da559a844fea9b1c1::usdsui::USDSUI/txs"},{"id":"commit-message","value":"\"Added page for USDsui\""}],"events":[{"id":"5badcddf-bc51-490f-9e99-dc0db3b52977","date":"2026-03","title":"USDsui Launches on Sui Mainnet","type":"CREATED","description":"USDsui, the native stablecoin for the Sui network, officially goes live on the mainnet on March 4, 2026, issued via the Bridge platform.","link":"https://blog.sui.io/sui-unveils-usdsui-native-stablecoin/","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"b27bf695-9aa8-4162-acbb-6c684012025b","date":"2025-11","title":"USDsui Project Announced","type":"DEFAULT","description":"The upcoming launch of USDsui, a native dollar-pegged stablecoin for the Sui ecosystem, is officially announced to the public.","link":"https://www.theblock.co/post/392271/sui-joins-stablecoin-race-with-usdsui-mainnet-launch","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"7e541402-15bc-44a4-bf91-ce679667ed1d","date":"2025-12","title":"GENIUS Act for Stablecoins Passed","type":"DEFAULT","description":"The U.S. government's stablecoin legislation, the GENIUS Act, which USDsui was designed to comply with, is passed into law in 2025.","link":"https://www.theblock.co/post/392271/sui-joins-stablecoin-race-with-usdsui-mainnet-launch","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"db78ba85-c065-4b4c-94de-1fd514c3f968","date":"2025-02","title":"Stripe Acquires Issuer Bridge","type":"DEFAULT","description":"Global financial technology company Stripe acquires Bridge, the company that would provide the issuance platform for USDsui.","link":"https://blog.sui.io/sui-unveils-usdsui-native-stablecoin/","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"operator":{"id":"0x1E23b34d3106F0C1c74D17f2Cd0F65cdb039b138"},"language":"en","version":1,"linkedWikis":{"blockchains":["sui"],"founders":[],"speakers":[]}}