Sui Group to launch two stablecoins on the Sui blockchain by the end of 2025

Key points:

• Sui Group Holdings, in collaboration with Ethena, is preparing to launch two stablecoins — suiUSDe and USDi — on the Sui blockchain by the end of 2025.
• USDi will be backed by BlackRock’s tokenized BUIDL fund, while suiUSDe will be a synthetic dollar asset designed to increase liquidity and reduce dependence on USDC.
• Marius Barnett said the project will pave the way for the creation of a “next-generation SUI Bank” and strengthen the financial stability of the ecosystem.

Sui Group Holdings will introduce two stablecoins on the Sui blockchain by the end of 2025. The company is collaborating with Ethena to develop suiUSDe and USDi to increase liquidity in the ecosystem.

suiUSDe is a synthetic dollar token built on the Sui blockchain.

USDi is backed by BlackRock’s BUIDL tokenized money market fund. Both stablecoins aim to reduce dependence on USDC and expand financial opportunities on the first-layer network.

Impact on blockchain development

The launch will make Sui the first non-EVM-based blockchain to feature high-yield Ethereum stablecoins. The integration leverages Ethena’s proven protocol and Sui Group’s treasury support to ensure stability and low transaction costs. Industry observers consider this to be a groundbreaking corporate participation in the stablecoin markets.

Sui Group Chairman Marius Barnett described the collaboration as a transformation of the company beyond traditional treasury functions. It involves the creation of a “next-generation SUI Bank” that will serve as a liquidity hub for the entire ecosystem. Ethereum’s partnership with Ethena and the Sui Foundation demonstrates a long-term commitment to developing scalable infrastructure. Barnett added:

“We believe this initiative will add another powerful mechanism to drive liquidity, utility, and long-term value across the Sui blockchain <...> By unlocking new revenue streams tied to stablecoin adoption and transaction flow, we are focused on delivering scalable economic value for our shareholders.”

The company highlighted capital efficiency as one of its key advantages, noting minimal launch costs. Net proceeds from the reserves will strengthen Sui Group’s balance sheet and treasury position. Management is confident that the launch of stablecoins will create new sources of revenue while increasing shareholder value.