Sui Mainnet Welcomes Ethena's suiUSDe Stablecoin with $10M Vault

Ethena's synthetic dollar, suiUSDe, launches on Sui Mainnet, complemented by a $10 million yield vault and DeepBook integration.

The suiUSDe stablecoin, backed by Ethena, has officially launched on the Sui Mainnet. This new synthetic dollar is introduced alongside a permissionless yield vault that has been seeded with $10 million by the SUI Group.

In addition, the launch includes a strategic integration with DeepBook’s new margin trading system, enhancing the functionality and potential of the suiUSDe stablecoin within the Sui ecosystem.