Partnerships & Initiatives - SUI Group 与 Ethena 和 Sui Foundation 合作推出 suiUSDe 和 USDi，这是首个原生 Sui 稳定币 [1]

Product Launch - Ethena Labs 将在 SuiNetwork 上推出 suiUSDe 和 USDi 两种原生美元资产 [1] - 这两种产品将为 Sui 上的 DeFi 和支付提供动力，并将 Ethena 直接嵌入到快速增长的网络中 [1] - 预计 suiUSDe 和 USDi 将在第四季度上线 [1] Market Impact - 该服务建立在 Stablecoin-as-a-Service 堆栈之上，目标市场为价值 300 亿美元以上的 SuiNetwork [1]

Product Launch - Ethena Labs 将在 SuiNetwork 上推出 suiUSDe 和 USDi 两种原生美元资产 [1] - 这两种产品将为 Sui 上的 DeFi 和支付提供动力，并将 Ethena 直接嵌入到世界上增长最快的网络之一中 [1] - suiUSDe 和 USDi 预计在第四季度上线 [1] Market Opportunity - 目标市场是价值超过 300 亿美元的 SuiNetwork [1]

Core Insights - SUI, the native token of the Sui blockchain, has seen a 5% increase following the announcement of its first native stablecoins, USDi and suiUSDe, indicating renewed investor interest and outperforming the broader crypto market [1] Market Performance - SUI's price rose from $3.42 to $3.58, breaking through key resistance at $3.56 and establishing new support at $3.55, supported by rising trading volume [2] - The CoinDesk 20 Index, a measure of top digital assets, increased by 2.5% over the same 24-hour period, highlighting SUI's strong performance relative to the market [1] Institutional Adoption - Growing institutional interest is evident as Coinbase Derivatives plans to list SUI futures contracts on October 20, which may attract more professional traders [2] Retail Demand - Retail demand is increasing, particularly in South Korea, where the payments platform t'order has integrated SUI for transactions using a Korean-won stablecoin, leading to a surge in trading volume [3] Technical Analysis - SUI has traded within a range of $0.19 between $3.39 and $3.58, with a significant volume spike of 10.87 million tokens, surpassing the daily average of 10.44 million, indicating heavy accumulation [4] - The price chart shows a series of higher lows, a classic signal of an uptrend, suggesting potential for further gains [4] Future Outlook - If buying pressure persists, SUI may soon test the psychological resistance level of $3.60, positioning it as one of the best-performing tokens in the market due to product development and strengthening institutional ties [5]

Core Insights - Sui Crypto is experiencing a price rally, with traders speculating a potential target of $5 by 2026 if the upward trend continues [1][2] - BlackRock and associated entities are launching suiUSDe and USDi, which are designed to enhance the Sui ecosystem and provide institutional-grade liquidity [2][3] Sui Crypto Developments - The dual-token strategy involves suiUSDe being over-collateralized with a basket of digital assets and short futures positions, while USDi will be linked to BlackRock's BUIDL fund [2] - All net income from these initiatives will be reinvested to purchase SUI tokens, thereby increasing demand and improving tokenomics [3] Market Performance - In August, Sui recorded a significant milestone with $229 billion in stablecoin transfer volume, indicating strong infrastructure performance [4] - The introduction of native stablecoins positions Sui favorably within the Cosmos ecosystem, potentially attracting liquidity from other chains [5] Investment Strategy - Current price levels for SUI are around $3.56, with analysts suggesting a holding strategy through the launch of USDi and suiUSDe, planning to scale out between $5 and $6 by 2026 [6] Regulatory Environment - The GENIUS Act is introducing tighter regulations on stablecoins, which may necessitate clear incentive structures that Sui could provide without compromising DeFi appeal [7]

Core Insights - SUI Group Holdings is set to launch two native stablecoins in collaboration with Ethena Labs and the Sui Foundation, marking a unique partnership in the digital asset space [1] - The new synthetic dollar, suiUSDe, is expected to be operational by the end of 2025 and will be the first income-generating stable asset on a non-Ethereum Virtual Machine blockchain [2] - The Sui Foundation plans to reinvest net income from the token's reserves into purchasing SUI tokens, enhancing ecosystem growth [3] SuiUSDe and Infrastructure - SuiUSDe will serve as a treasury vehicle in the vision of establishing a "SUI Bank," according to Marius Barnett, chairman of SUI Group [2] - The introduction of suiUSDe is seen as a significant advancement for Sui's DeFi infrastructure [3] Ethena Labs and Stablecoin Development - Ethena Labs is behind USDe, which is recognized as the third-largest U.S. dollar-denominated digital asset and one of the fastest-growing stablecoins [4] - Ethena's Whitelabel program allows various blockchains and applications to issue their own digital dollars using Ethena's infrastructure [4][5] Investment and Market Position - MEXC Ventures has invested a total of $30 million into Ethena, indicating strong market confidence in Ethena's governance token ENA and its synthetic dollar protocol [6][7] - Ethena claims to be the only stablecoin issuer providing a scalable model for creating dollar assets with minimal friction [5]

🗞️ Need to catch up on the news? Here's our top 10 from today:🔸 Avalanche Treasury Co. announces a $675M business combination with Mountain Lake Acquisition Corp, aiming to accumulate over $1B of $AVAX in its treasury.🔹 SUI Group launches the first $SUI native stablecoins, suiUSDe and USDi, in partnership with Ethena and Sui Foundation.🔸 FedWatch shows a 99% probability of rates being cut to 375–400 bps at the October 29, 2025 meeting.🔹 Elon Musk has become the first person in history worth $500 billion, pu ...

Stablecoin Launch - SUI Group launches suiUSDe and USDi, the first $SUI native stablecoins [1] - The launch is in partnership with Ethena and Sui Foundation [1]

Why would anyone need two stablecoins??? 🤔Here's my take...Sui Group (which holds over $300M in SUI) partnered with Ethena to issue yield-bearing suiUSDe and non-yield USDi stablecoins, launching by end of 2025.This is likely to have a dual offering which appeals to yield-hungry investors as well as sophisticated, regulated stablecoin users.This 'barbell' of sorts accurately depicts two types of stablecoins that will likely persist.Regulated, GENIUS compliant stablecoins & far-less compliant, less regulated ...

Core Insights - SUI Group is launching two stablecoins in partnership with Ethena Labs, aiming to enhance the utility of SUI's blockchain by the end of 2025 [1][3] - The initiative is seen as a potential shift in the digital asset treasury (DAT) landscape, with SUI Group positioning itself as an infrastructure builder rather than just a traditional DAT company [4] Group 1: Company Developments - SUI Group, formerly Mill City Ventures, has raised $450 million to invest in the SUI token and has a stockpile of $330 million [2] - The new stablecoins, named suiUSDe and USDi, are intended to create a new use case for DATs and challenge the dominance of USDC on SUI's blockchain [4] Group 2: Market Context - The DAT sector is experiencing declining market net asset values (mNAVs) and stock performance, prompting SUI Group's stablecoin launch as a strategy to differentiate itself in a shrinking market [5] - The launch comes amid significant regulatory scrutiny, including the GENIUS Act, which requires issuers to hold reserves in US Treasuries, raising questions about SUI Group's ability to comply [6]