February 12 News, the Sui Foundation announced that the synthetic US dollar suiUSDe supported by the Ethereum ecosystem has officially launched on the Sui mainnet. This is the network’s first native synthetic US dollar asset, marking a significant step forward for Sui in decentralized financial infrastructure and providing new tools for on-chain leverage trading, lending, and liquidity strategies.
suiUSDe (also known as eSui Dollar) has been integrated into the Sui core financial system and is the first synthetic US dollar to receive support from DeepBook Margin. DeepBook Margin is Sui’s on-chain leverage and liquidity platform, offering unified clearing, risk control, and settlement modules. With this system, developers can quickly deploy financial products based on suiUSDe without building complex risk frameworks themselves.
Currently, major protocols such as Aftermath, AlphaLend, Bluefin, Cetus, Deeptrade, Navi, Scallop, and Suilend have synchronized support for this asset, enabling its direct use across multiple DeFi scenarios. SUI Group Holdings also participated in the launch, believing it will create more efficient foundational conditions for institutional capital operations and liquidity management.
suiUSDe was developed in collaboration with Ethena Labs, based on Ethena’s synthetic US dollar system. However, it is not a cross-chain bridged asset but is designed for native operation on Sui, aiming to reduce stablecoin fragmentation and improve capital utilization. Through deep integration with DeepBook Margin, this asset can support more complex portfolio strategies and hedging structures.
To accelerate ecosystem liquidity deployment, SUI Group has established an permissionless vault on the Ember protocol, injecting $10 million worth of suiUSDe, with an initial capacity of $25 million, open to institutions and retail investors. Adeniyi Abiodun, co-founder of Mysten Labs, stated that this case demonstrates the advantages of Sui’s composable architecture in lowering technical barriers.
With the landing of suiUSDe, Sui adds a key “US dollar cornerstone” to DeFi, which is expected to drive higher trading activity, deeper liquidity, and broader institutional participation.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Morpho Vaults V2 total deposits exceed $1 billion
Gate News Announcement: On March 6th, the lending protocol Morpho's Morpho Vaults V2 surpassed a total deposit of $1 billion.
GateNews32m ago
PayPal and TCS Introduce Blockchain Network to Speed Up Freight Payments
PayPal and TCS Blockchain have introduced a blockchain settlement network to expedite payments in the trucking industry. By using PayPal USD stablecoin, freight invoices can be settled almost instantly, improving liquidity for carriers and reducing costs by up to 90%. The system aims to enhance transparency and efficiency in logistics finance.
CryptometerIo1h ago
Molecule teams up with Bio Protocol to launch Science Beach, supporting AI agents and human collaboration in scientific research
Solana's decentralized science platform Molecule and Bio Protocol jointly launch Science Beach, aiming to support AI agents collaborating with humans to develop scientific hypotheses. The project has generated over 1,100 hypotheses, involving funding support and research query fees.
GateNews1h ago
Nansen launches on-chain intelligent services for AI agents, supporting three connection methods and pay-as-you-go pricing models
Nansen launches on-chain intelligent services for AI agents, "Nansen for Agents," supporting token filtering across 18 blockchains. Users can connect in various ways, and it operates on a pay-as-you-go model, no API key required, with a starting price of $0.01.
GateNews2h ago
Polygon Unveils CLI Toolkit Enabling AI Agents to Transact On-Chain
Polygon has published a CLI kit that gives AI agents access to wallets, payments, swaps, bridging, onchain identity, and more.
Founder Sandeep Nailwal says that the kit is like giving agents their own Open Money Stack.
Polygon has joined the growing list of blockchain networks releasing
CryptoNewsFlash2h ago
Kaito AI launches Kaito Studio beta version, with the first batch of 16 partners online
Kaito AI officially launches the Kaito Studio beta, connecting brands and creators, with 16 partners already onboard. The platform reaches 80 million fans and focuses on solving matching, performance attribution, and management issues. More collaboration opportunities will be released in the future.
GateNews2h ago
