February 12 News, the Sui Foundation announced that the synthetic US dollar suiUSDe supported by the Ethereum ecosystem has officially launched on the Sui mainnet. This is the network’s first native synthetic US dollar asset, marking a significant step forward for Sui in decentralized financial infrastructure and providing new tools for on-chain leverage trading, lending, and liquidity strategies.
suiUSDe (also known as eSui Dollar) has been integrated into the Sui core financial system and is the first synthetic US dollar to receive support from DeepBook Margin. DeepBook Margin is Sui’s on-chain leverage and liquidity platform, offering unified clearing, risk control, and settlement modules. With this system, developers can quickly deploy financial products based on suiUSDe without building complex risk frameworks themselves.
Currently, major protocols such as Aftermath, AlphaLend, Bluefin, Cetus, Deeptrade, Navi, Scallop, and Suilend have synchronized support for this asset, enabling its direct use across multiple DeFi scenarios. SUI Group Holdings also participated in the launch, believing it will create more efficient foundational conditions for institutional capital operations and liquidity management.
suiUSDe was developed in collaboration with Ethena Labs, based on Ethena’s synthetic US dollar system. However, it is not a cross-chain bridged asset but is designed for native operation on Sui, aiming to reduce stablecoin fragmentation and improve capital utilization. Through deep integration with DeepBook Margin, this asset can support more complex portfolio strategies and hedging structures.
To accelerate ecosystem liquidity deployment, SUI Group has established an permissionless vault on the Ember protocol, injecting $10 million worth of suiUSDe, with an initial capacity of $25 million, open to institutions and retail investors. Adeniyi Abiodun, co-founder of Mysten Labs, stated that this case demonstrates the advantages of Sui’s composable architecture in lowering technical barriers.
With the landing of suiUSDe, Sui adds a key “US dollar cornerstone” to DeFi, which is expected to drive higher trading activity, deeper liquidity, and broader institutional participation.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Aave Will Win Proposal Temp Check Passed
Odaily Planet Daily reports that Aave founder Stani Kulechov posted on the X platform stating that the Aave Will Win proposal Temp Check has passed, which will promote Aave Labs to transition to a fully token-centric model, directing 100% of product revenue to the AAVE token. The next step will be to optimize the structure based on community feedback and move into
GateNews7m ago
Cardone Bets $5 Billion on Real Estate Tokenization
_Grant Cardone plans to tokenize Cardone Capital’s $5B real estate portfolio on blockchain, chasing liquidity and market dominance in a fast-moving space._
Grant Cardone is making a move that few real estate moguls have dared to try at this scale. Cardone Capital, his multi-family and
LiveBTCNews7h ago
MoonPay, PayPal, and M0 Launch PYUSDx Stablecoin Tokenization Framework
MoonPay, M0, and PayPal have partnered to launch PYUSDx, a stablecoin tokenization framework that simplifies the issuance of PayPal USD on blockchain. This initiative seeks to enhance accessibility and compliance, bridging decentralized networks with traditional finance.
BlockChainReporter8h ago
XRP Ledger Powers $280 Million Diamond Tokenization in Major UAE Real-World Asset Deal
Ripple’s tokenization of 1 billion AED worth of diamonds, “isn’t just a win for the UAE, it’s a masterclass in how the XRP Ledger handles high-value RWA at scale,” says Reece Merrick.
The network is solving the trust gap by integrating Ripple Custody’s bank-grade vaulting with XRPL’s native f
CryptoNewsFlash8h ago
Vitalik: EIP-8141 is expected to be implemented within a year, fully resolving the account abstraction issue
Ethereum's Vitalik introduced the EIP-8141 proposal on the X platform, aiming to address issues related to account abstraction (AA), with the core being "frame transactions." This mechanism supports various transaction scenarios, enhances security, and complements FOCIL to accelerate transaction execution. After years of research, the related technology is expected to be implemented through the Hegota fork within a year.
GateNews8h ago
Hyperliquid Unveils HIP-6 Token Auctions
Hyperliquid's HIP-6 proposal introduces Continuous Clearing Auctions for permissionless token launches, enhancing fundraising and price discovery. It includes built-in safeguards, a fee structure for liquidity, and is designed to prevent price manipulation while streamlining the auction process for teams.
CryptoFrontNews9h ago
