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
Web3 AI Engine TermiX Launches and Opens Source Crypto Version OpenClaw
Web3 AI Engine TermiX has launched and open-sourced OpenClaw (CryptoClaw), specifically designed for Crypto users, enabling the promotion of Crypto Skills and reducing trading costs. TermiX aims to provide AI-driven intelligent trading services and has integrated with multiple DeFi protocols.
GateNews18m ago
Sky (SKY) Token Surges After Governance Vote Cuts Emissions and Expands USDS Stablecoin Credit Infrastructure
SKY rose 10% after the network cut staking emissions and continued buybacks, tightening supply across the market.
Sky expanded the USDS credit infrastructure as lower token issuance and steady buybacks supported bullish market momentum.
SKY, the governance token of the DeFi protocol
CryptoNewsFlash48m ago
Jupiter launches multi-chain deposit feature, supporting four major networks
Gate News Announcement: On March 8th, Jupiter Global announced the launch of multi-chain deposit functionality. Users can now deposit USDC via four networks: Solana, Base, Arbitrum, and Sui, with all assets consolidated into a single account.
GateNews1h ago
Pi Network Tests AI Computing on Nodes Ahead of Pi Day DEX Launch
Pi Network tested AI image recognition on nodes with OpenMind, using idle CPU power during its ongoing Mainnet upgrade phase.
The network requires Mainnet nodes to upgrade to v20.2 by March 12 as part of its path toward version 23.0 in Q2 this year.
Pi Network is testing artificial
CryptoNewsFlash2h ago
XRP Ledger Plans to Become Native DeFi Lending Powerhouse - U.Today
The XLS-66 proposal aims to enhance the XRP Ledger with native lending and borrowing capabilities, allowing users to earn returns on idle capital. For activation, it requires 80% validator approval, currently lacking sufficient support.
UToday3h ago
Circle Moves $68 Million in 30 Minutes Using USDC, Showing Real Power of Stablecoin Payments
Circle recently demonstrated the transformative potential of stablecoins in corporate finance by swiftly transferring $68 million using USDC, showcasing advantages like instant settlement and improved transparency over traditional banking methods.
CryptometerIo3h ago
