Sui collaborates with Ethena Labs to launch synthetic US dollar asset suiUSDe

Sui Network announced that the synthetic US dollar asset suiUSDe, issued in collaboration with Ethena Labs, has been launched on the Sui mainnet, becoming the first synthetic US dollar asset to support DeepBook Margin. This asset supports margin trading, lending, and leverage strategies, aiming to expand Sui's on chain financial infrastructure and provide passive and active trading opportunities for institutions and retail investors. The project is supported by ecological stakeholders such as SUI Group Holdings.