It's been a while since I last wrote about the development status of Sui Chain, and it's definitely worth writing about. All of these are important developments. If you're interested, you can take a look Firstly, an important development: Grayscale's Sui Staking ETF (GSUI) has officially gone public on the NYSE Arca in the United States. This means that SUI is entering the traditional mainstream investment field, and more institutions can participate in Sui staking. Compared to cryptocurrency users, attracting high-quality new external funds is the driving force for development The second important step is that the Sui Dollar (USDsui) mainnet has officially launched, and through Bridge, a subsidiary of Stripe, Sui has its own native digital dollar. This is a crucial step that directly accelerates Sui's breakthrough application in the global payment field (the importance of stablecoins, think about the power of USDT) The profit mechanism of USDsui (which is beneficial for Sui itself) The profits from Sui stablecoin will be returned to the network through repurchasing SUI tokens and investing in DeFi and automated market making to incentivize exchanges. The profits generated from USDsui's bonds and liquid assets will be used to repurchase and exit SUI tokens in circulation, or invested in DeFi protocols and automated market making to incentivize exchanges. SUI chain participants can share the dividends of growth through a positive feedback mechanism (incentive mechanism is the favorable guarantee for promoting development) I can summarize it in one sentence - Sui is evolving from a high-performance public chain to a powerful platform for payments and DeFi @ SuiNetwork @ SuiNetworkCN USDsui is designed for unlimited scalability, with fast settlement, predictable costs, and compliance ready channels, seamlessly connecting global payments and DeFi. Sui Dollar will cover wallets, DeFi protocols, and Sui based applications I hold SUI tokens and am a stakeholder