Ethena-backed suiUSDe stablecoin goes live on Sui with $10 million yield vault launch

The synthetic dollar debuts on Sui Mainnet alongside a permissionless vault seeded by SUI Group and integration with DeepBook’s new margin system. What to know : Ethena-backed suiUSDe launched on Sui Mainnet as the network’s first synthetic dollar. SUI Group seeded a new suiUSDe yield vault on Bluefin’s Ember Protocol with $10 million. The stablecoin becomes the first synthetic dollar supported by DeepBook Margin.