Crypto界消息,Sui blockchain's native stablecoin Sui Dollar (USDsui) has launched today. The stablecoin is issued by Bridge, a stablecoin company acquired by payments giant Stripe last year, and the revenue generated from its underlying assets will be reinvested into the Sui ecosystem. Mysten Labs co-founder Adeniyi Abiodun stated that the earnings from bonds and liquidity assets supporting USDsui will be used to buy back and burn SUI tokens or deployed into decentralized finance (DeFi) protocols and automated market makers to incentivize trading. This contrasts with the model of mainstream stablecoin issuers like Tether and Circle, which retain all profits. (CoinDesk)
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Crypto界消息,Sui blockchain's native stablecoin Sui Dollar (USDsui) has launched today. The stablecoin is issued by Bridge, a stablecoin company acquired by payments giant Stripe last year, and the revenue generated from its underlying assets will be reinvested into the Sui ecosystem. Mysten Labs co-founder Adeniyi Abiodun stated that the earnings from bonds and liquidity assets supporting USDsui will be used to buy back and burn SUI tokens or deployed into decentralized finance (DeFi) protocols and automated market makers to incentivize trading. This contrasts with the model of mainstream stablecoin issuers like Tether and Circle, which retain all profits. (CoinDesk)