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
Pi Network Tests AI Computing on Nodes Ahead of Pi Day DEX Launch
Pi Network tested AI image recognition on nodes with OpenMind, using idle CPU power during its ongoing Mainnet upgrade phase.
The network requires Mainnet nodes to upgrade to v20.2 by March 12 as part of its path toward version 23.0 in Q2 this year.
Pi Network is testing artificial
CryptoNewsFlash22m ago
XRP Ledger Plans to Become Native DeFi Lending Powerhouse - U.Today
The XLS-66 proposal aims to enhance the XRP Ledger with native lending and borrowing capabilities, allowing users to earn returns on idle capital. For activation, it requires 80% validator approval, currently lacking sufficient support.
UToday1h ago
Circle Moves $68 Million in 30 Minutes Using USDC, Showing Real Power of Stablecoin Payments
Circle recently demonstrated the transformative potential of stablecoins in corporate finance by swiftly transferring $68 million using USDC, showcasing advantages like instant settlement and improved transparency over traditional banking methods.
CryptometerIo1h ago
Cardano promotes stablecoin USDCx, aiming for direct withdrawals without bridges
Input Output Group (IOG) has clarified its strategy for expanding stablecoin integration on Cardano through the USDCx infrastructure. This system, backed 1:1 by USD Coin in Circle's xReserve smart contract, enables various DeFi activities, targeting direct USDC withdrawals to enhance liquidity without relying on bridges. IOG emphasizes that USDCx is a long-term upgrade for Cardano's financial infrastructure.
TapChiBitcoin5h ago
X Money Account Opening Process Revealed: Complete in Less Than 1 Minute, Supports Facial Recognition Verification
Crypto KOL AB Kuai.Dong revealed the account opening process for X Money. Users only need to enter basic information to open an account within 1 minute. X Money supports virtual and physical cards, offering withdrawal and spending functions, with a transfer limit of $1,000,000 and a withdrawal limit of $100,000.
GateNews5h ago
CEO BitGo: Crypto company has a structural advantage in the digital asset custody race
Mike Belshe, CEO of BitGo, highlights the structural advantages of native crypto companies in digital asset custody, contrasting with traditional banks' conflicts of interest. BitGo generates over 80% of its revenue from stable custody fees, recently receiving a federal banking license. As of September 2025, BitGo is safeguarding $104 billion in assets for over 4,900 institutional clients globally.
TapChiBitcoin7h ago
