The Sui blockchain team has announced the launch of its native stablecoin, Sui Dollar (USDsui), pegged to the US dollar.
Sui Dollar is now live.
— Sui (@SuiNetwork) March 4, 2026
Issued by @Stablecoin, a @Stripe company, Sui Dollar (USDsui) is a native digital dollar built for scalable finance and global payments.
Enterprise-grade issuance. Compliance-ready rails. Onchain liquidity meets real-world payment utility.
Learn more 👇 pic.twitter.com/WaLCFceBNz
Announced in November 2025, the asset was issued through the Bridge platform, backed by payment giant Stripe. The stablecoin is already available on many major exchanges and in wallets compatible with the protocol.
Currently, aggregators do not list data about the coin, including its market capitalization and trading volumes.
According to the press release, USDsui has been developed in compliance with the US Genius Act. Sui plans to reinvest the revenues from the coin back into the ecosystem through grants and incentives.
“Sui Dollar provides organizations and developers with ready-made solutions for regulatory compliance, offering direct access to liquidity and the Sui financial ecosystem. Key benefits include seamless cross-border payments, money transfers, and peer-to-peer transactions,” the developers stated.
The total value locked in the L1 network currently stands at $625 million, having dropped 75% over the past four months.
Source: DefiLlama.The native SUI coin has gained nearly 8% in the last 24 hours, likely buoyed by the overall positive trend in the crypto market.
Hourly chart of SUI/USDT on Binance. Source: TradingView.
Recall that in January, Sui experienced a six-hour outage, during which block production in the network was halted.