Sui joins stablecoin race with USDsui mainnet launch

Sui's USDsui stablecoin, issued by Stripe-owned Bridge, has launched on mainnet.

"The Sui Dollar introduces a unified digital dollar, purpose-built for scalable finance and global payments," according to a statement on Wednesday. The stablecoin is "accessible across wallets, DeFi protocols, and applications built on Sui across wallets, DeFi protocols, and applications built on Sui."

The newly-launched stablecoin is also compatible with other Bridge-issued stablecoins. Announced last November, the stablecoin has been designed in accordance with the GENIUS Act, the U.S. government's stablecoin legislation that passed into law in 2025.

On Tuesday, President Donald Trump said the GENIUS Act "is being threatened and undermined by the Banks." Ongoing friction over stablecoin yields, pitting the banking and crypto sectors against each other, has slowed the passage of broader crypto market structure legislation.

Sui's Meta roots

Sui was created by developers working on Meta’s Diem project. Mysten Labs, the core developer behind Sui, has attempted to design a network that outperforms other blockchains in speed and scalability.

"By introducing a native digital dollar built for programmable financial infrastructure, the Sui Dollar expands the toolkit available to developers, institutions, and end users building the next generation of internet-native financial services," the Sui Foundation said.