February 12 News, the Sui Foundation announced that the synthetic US dollar suiUSDe supported by the Ethereum ecosystem has officially launched on the Sui mainnet. This is the network’s first native synthetic US dollar asset, marking a significant step forward for Sui in decentralized financial infrastructure and providing new tools for on-chain leverage trading, lending, and liquidity strategies.
suiUSDe (also known as eSui Dollar) has been integrated into the Sui core financial system and is the first synthetic US dollar to receive support from DeepBook Margin. DeepBook Margin is Sui’s on-chain leverage and liquidity platform, offering unified clearing, risk control, and settlement modules. With this system, developers can quickly deploy financial products based on suiUSDe without building complex risk frameworks themselves.
Currently, major protocols such as Aftermath, AlphaLend, Bluefin, Cetus, Deeptrade, Navi, Scallop, and Suilend have synchronized support for this asset, enabling its direct use across multiple DeFi scenarios. SUI Group Holdings also participated in the launch, believing it will create more efficient foundational conditions for institutional capital operations and liquidity management.
suiUSDe was developed in collaboration with Ethena Labs, based on Ethena’s synthetic US dollar system. However, it is not a cross-chain bridged asset but is designed for native operation on Sui, aiming to reduce stablecoin fragmentation and improve capital utilization. Through deep integration with DeepBook Margin, this asset can support more complex portfolio strategies and hedging structures.
To accelerate ecosystem liquidity deployment, SUI Group has established an permissionless vault on the Ember protocol, injecting $10 million worth of suiUSDe, with an initial capacity of $25 million, open to institutions and retail investors. Adeniyi Abiodun, co-founder of Mysten Labs, stated that this case demonstrates the advantages of Sui’s composable architecture in lowering technical barriers.
With the landing of suiUSDe, Sui adds a key “US dollar cornerstone” to DeFi, which is expected to drive higher trading activity, deeper liquidity, and broader institutional participation.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
World Unveils New Toolkit, Expands Developer Program With World Build 3
World has released a toolkit that lets developers convert web apps into Mini Apps with minimal code changes and full compatibility with Ethereum’s EIP‑1193 standard.
Ecosystem Growth and Scalability
Sam Altman’s World has unveiled a technical upgrade to World Chain that allows developers to
Coinpedia1h ago
Hong Kong Delays First Stablecoin Licenses Issuance
_Hong Kong delays stablecoin licenses as regulators review 36 applications, tighten KYC rules, and ensure financial stability before first approvals._
Hong Kong has delayed the release of its first stablecoin licenses. It was to be rolled out by the end of March 2026. Nonetheless, regulators are st
LiveBTCNews3h ago
Cardano Price Near $0.245 Level as Market Momentum Weakens
Cardano's price is stabilizing around the $0.245 support level amid market consolidation and declining momentum. The inability to break resistance at $0.268 raises concerns about upward strength. Meanwhile, development of the new node version 10.7.0 is in testing, promising enhancements for the ecosystem.
CryptoNewsLand3h ago
Ripple Prime Unlocks Onchain Commodities Trading
Ripple Prime has expanded its integration with Hyperliquid to include commodity perpetual contracts, enabling institutions to access decentralized derivatives alongside traditional asset management within a unified margin system, enhancing efficiency and portfolio management.
CryptoFrontNews4h ago
Ondo Tokenized Stocks Go Live on Talos Platform
Ondo integrates with Talos to offer tokenized stocks and ETFs to institutional clients across 30+ countries.
Gate provides liquidity, enabling institutions to trade blockchain-based equities without direct Ondo onboarding.
Platform supports multi-chain tokenized assets with over $13B
CryptoFrontNews4h ago
Tether’s USAT Expands to Celo in First Move Beyond Ethereum Mainnet
Tether is launching its U.S.-backed stablecoin, USAT, on Celo, marking its first move beyond the Ethereum mainnet. This shift aims to integrate USAT into a payments-focused environment, enhancing accessibility and usability in onchain transactions.
CryptoNewsFlash5h ago
