The Ethena-backed eSui Dollar (suiUSDe) has launched on Sui Mainnet, expanding the network’s stablecoin offerings and introducing the network's first synthetic dollar to onchain trading and yield infrastructure, the Sui Foundation said in a blog post Wednesday. The rollout also brings suiUSDe to DeepBook Margin, where it becomes the first synthetic dollar supported by the trading system. Alongside the launch, SUI Group Holdings seeded a newly launched suiUSDe vault with $10 million, marking one of the l ...

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]

Cryptocurrency Market Trends - Avalanche Treasury Co 宣布与 Mountain Lake Acquisition Corp 进行 6亿7千5百万美元的业务合并，目标是在其国库中积累超过 10 亿美元的 $AVAX [1] - SUI Group 与 Ethena 和 Sui Foundation 合作，推出首个 $SUI 原生稳定币 suiUSDe 和 USDi [1] - 比特币已收复 11万6千美元的交易者实现价格，重新进入牛市阶段，第四季度目标价为 16万-20万美元 [3] - Metaplanet 收购了 5,268 个 $BTC，总持有量达到 30,823 个 BTC [4] Regulatory and Security Concerns - ZachXBT 报告称，从 SBI Crypto 关联钱包中提取了 2千1百万美元，并通过 Tornado Cash 进行转移 [4] - 阿布扎比禁止在农田上进行加密货币挖矿，对违规者处以 10万迪拉姆罚款并切断服务 [4] Economic Indicators - FedWatch 显示，在 2025 年 10 月 29 日的会议上，降息至 375-400 个基点的可能性为 99% [1] - 美国 ADP 就业人数在 9 月份下降 3万2千人，低于预期的增加 5万人，也低于前值的增加 5万4千人 [4] Partnerships and Integrations - Aptos 与特朗普家族的 WLFI 合作，整合 USD1 稳定币 [4] High Net Worth Individuals - Elon Musk 已成为历史上第一个身价 5千亿美元的人，距离万亿富翁地位还有一半 [2]

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 ...