• SUI Group is reportedly planning to launch suiUSDe and USDi stablecoins by the end of 2025.
• The new stablecoins will be powered using Ethena’s native infrastructure.
• The new stablecoins aim to reduce reliance on USDC and boost Sui adoption.
Nasdaq-listed SUI Group is planning to delve into stablecoin issuance with the launch of two tokens on the Sui blockchain. The initiative, in partnership with Ethena and the Sui Foundation, aims to lower the blockchain’s reliance on the USDC stablecoin.
Sui Group to Launch suiUSDe and USDi Stablecoins
SUI Group Holdings Limited (SUIG), a newly launched digital asset treasury company, is preparing to launch two stablecoins on the Sui blockchain, according to a report from The Information. The initiative will launch in collaboration with stablecoin protocol Ethena and the Sui Foundation. It will also make SUI Group the first public company to originate and issue native stablecoin infrastructure on a Layer 1 network.
The two tokens are named suiUSDe, a synthetic dollar designed to generate yield, and USDi, which is backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). Both tokens are expected to go live before the end of 2025.
Building a SUI Ecosystem
The Information stated that the launch represents Sui Group’s shift from a treasury management firm to an infrastructure builder. Chairman Marius Barnett described the plan as a step toward creating what he called a next-generation SUI Bank, a liquidity hub designed to expand financial products within the Sui ecosystem.
suiUSDe and USDi reserve revenue will be directed to SUI Group’s treasury to strengthen its balance sheet. The company also emphasized that the launch on its Layer-1 blockchain would take place at minimal costs and transactions.
Partnership and Market Positioning
The partnership is described as the first collaboration of its kind between a publicly traded digital asset treasury, a blockchain foundation, and a stablecoin protocol. Ethena, which operates USDe, the third-largest Dollar-denominated digital asset with more than $14.8 billion in total value locked, will provide the infrastructure supporting both tokens.
By introducing native stablecoins, SUI Group aims to reduce reliance on Circle’s USDC, which currently holds $447 million in circulation on the Sui blockchain. The new tokens are also intended to subsidize network fees and encourage broader adoption of financial products built on-chain.
Stablecoin innovation is accelerating with launches like Hyperliquid’s USDH and Tether’s USAT, designed to align with U.S. stablecoin policy under the GENIUS Act. These projects highlight the industry’s shift toward compliance and ecosystem-native cash solutions. In this landscape, SUI Group’s native stablecoins position the firm to capture momentum by reducing reliance on external issuers and deepening on-chain financial adoption.
