Foresight News
Foresight News|Oct 02, 2025 01:30
[Sui Partners with Listed Company SUIG to Launch Synthetic Dollar suiUSDe] Foresight News reports that Sui announced its collaboration with Nasdaq-listed treasury management company SUI Group Holdings Limited to launch suiUSDe. This is a proprietary synthetic dollar token natively supported by Sui, with technical backing from Ethena. suiUSDe will be backed by a combination of various digital assets and corresponding short futures positions. In addition to suiUSDe, a new stablecoin called USDi, backed by the tokenized BlackRock USD Institutional Digital Liquidity Fund (BUIDL), is also set to launch on the Sui platform later this year.
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