This is the biggest news today! Sui becomes the first asset in Stripe's $1.1 billion bet. Since acquiring Bridge, Stripe has chosen Sui as the first public blockchain to build its stablecoin infrastructure. Last night, USDsui was launched, giving L1, with 1.5 million daily active users and a TVL of $2 billion, its first compliant native USD asset! Stripe bypassed more established public blockchains, directly using Sui as the starting point for its Bridge stablecoin strategy. You'll notice that Sui has been quite active recently, launching institutional products from VanEck to Grayscale, and now it even offers compliant USD payments. You might be wondering why we keep seeing different stablecoins from Sui; it previously launched suiUSDe and USDi. USDSUI follows a compliant payment route and operates within the native ecosystem. suiUSDe is a neutral strategy launched by Ethena + Sui Group, focusing on yield and leverage. USDi is institutionally oriented. Anyway, $USDsui will begin to become Sui's most important stablecoin. @SuiNetwork @SuiNetworkCN I hold SUI; $SUI is in my bag. Also, USDSUI is listed on @Scallop_io; you can check it out.
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