The Sui blockchain is set to launch its first native stablecoins, USDi and suiUSDe, in partnership with SUI Group and the Sui Foundation. USDi will be backed 1:1 by BlackRock’s tokenized money market fund BUIDL, while suiUSDe will replicate Ethena’s USDe, a synthetic dollar supported by a blend of digital assets and derivatives. Marius Barnett, chairman of SUIG, emphasizes this initiative’s potential to enhance liquidity and value within the Sui blockchain, positioning SUIG as a gateway to the stablecoin economy. This development aligns with other crypto ecosystems seeking to create native stablecoins instead of depending on established options like USDC and USDT. Notable examples include HYPE, which auctioned rights to issue a native stablecoin, and MegaETH, poised to launch its own in conjunction with Ethena. Sui has reported significant stablecoin transfer volume, processing $229 billion in August, showcasing its strong performance and making it attractive to partners like Ethena.