The native stablecoin of the Sui blockchain, USDsui, is officially launched, promising to channel the asset earnings of the supported tokens back into its ecosystem. The earnings will be used to buy back and burn SUI tokens or invested in DeFi protocols and automated market making to incentivize trading. USDsui is issued by stablecoin company Bridge, which was acquired last year by payments giant Stripe. (CoinDesk)
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The native stablecoin of the Sui blockchain, USDsui, is officially launched, promising to channel the asset earnings of the supported tokens back into its ecosystem. The earnings will be used to buy back and burn SUI tokens or invested in DeFi protocols and automated market making to incentivize trading. USDsui is issued by stablecoin company Bridge, which was acquired last year by payments giant Stripe. (CoinDesk)