USDsui Stablecoin Prepares Debut With Gasless Transfers

CryptoFrontNews
SUI-1,06%
  • Sui is launching USDsui to enable gasless transfers removing the need for users to hold SUI for transaction fees.

  • USDsui will capture stablecoin activity and reserve yield as Sui shifts payments from third party tokens like USDC.

  • Stripe’s Bridge will issue USDsui under U.S. law allowing Sui to share interest from Treasury backed reserves.

Sui is preparing the launch of USDsui, a native stablecoin designed to enable gasless transfers across the network. The Sui Foundation announced the development on Nov. 12, outlining plans to remove the need for users to hold SUI for transaction fees. The launch targets consumer payment use cases and aims to simplify on-chain activity through an invisible gas model.

USDsui Launch and Network Activity

According to the Sui Foundation, USDsui allows transactions without requiring SUI for gas payments. Instead, fees remain hidden from users, supporting mass-market applications. The stablecoin will serve as the network’s primary fiat-backed asset and operate alongside the native SUI token.

The network processed $412 billion in transfer volume between August and September, based on the official announcement. Most transfers relied on third-party stablecoins, including USDC. By migrating this activity to USDsui, Sui can retain yield generated by stablecoin reserves. The token will also integrate with the Deepbook decentralized exchange.

Stripe, Bridge, and the Revenue Structure

Stripe completed its $1.1 billion acquisition of Bridge on Feb. 4, according to a Stripe press release. Bridge will manage USDsui issuance using its Open Issuance platform, which launched on Sept. 30. The platform supports customizable yield-sharing models for blockchain networks.

Bridge manages reserves backed by cash and U.S. Treasuries. Custodians include BlackRock, Fidelity, and Superstate. According to product documentation, this framework allows networks to receive a portion of interest earned on reserves. This differs from traditional stablecoin models where issuers retain all yield.

Regulation and Ecosystem Context

The issuance structure complies with the GENIUS Act, signed into law by U.S. President Donald Trump on July 18. The legislation created a federal framework for stablecoin compliance and allows nonbank issuers under strict reserve oversight.

Sui’s broader ecosystem has focused on high-frequency financial applications. According to DeFiLlama, the network’s total value locked stands near $1.38 billion. Industry participants have observed increased use of native stablecoins by Layer-1 networks. USDsui also aligns with Stripe’s stablecoin payments strategy, which targets high-throughput networks for global money movement.

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.
Comment
0/400
GateUser-eb354bcavip
· 02-03 02:31
Ape In 🚀
Reply0