Sui Foundation Unveils USDsui, a Native Stablecoin Issued by Bridge (Stripe)
On November 12, 2025, the Sui Foundation announced USDsui, a native U.S. dollar-pegged stablecoin for the Sui blockchain, issued by Bridge — a Stripe company acquired for $1.1 billion in February 2025 12. The stablecoin is built on Bridge's Open Issuance platform and is designed to serve as a foundational digital dollar across the Sui ecosystem, supporting cross-border payments, remittances, and DeFi (decentralized finance) applications 23. This matters because it positions Sui to capture stablecoin reserve revenue rather than relying on third-party assets like USDT and USDC, and it signals traditional-finance legitimacy through Stripe's involvement 14.
Revenue Capture and Reserve Management
USDsui reserves are managed via custodians such as BlackRock and Fidelity, enabling interest earnings on the cash and Treasuries backing the token, with revenues reportedly reinvested into Sui's growth and investment programs 45. The move follows Sui processing $412 billion in stablecoin transfer volume between August and September 2025 — activity largely denominated in USDC that the network now aims to migrate toward USDsui to internalize economic value 14. This reflects a broader 2025 trend of Layer-1 blockchains (base-layer networks) issuing their own dollar assets instead of depending on existing stablecoins 16.
Interoperability and Regulatory Alignment
USDsui is designed to be interoperable with major platforms including MetaMask, Phantom, and Hyperliquid, and to integrate with Sui's native liquidity layer, Deepbook 235. The stablecoin is being built to comply with the U.S. GENIUS Act, which permits nonbank issuance of payment tokens under federal oversight — a key consideration for institutional and enterprise adoption 134. The launch also aligns with Stripe's broader stablecoin payments strategy 4.
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USDsui announced as Sui's native stablecoin, issued by Bridge (a Stripe company), built on Bridge's Open Issuance platform and designed for interoperability with MetaMask, Phantom, and Hyperliquid while targeting GENIUS Act compliance. This remains the project's defining event and the foundation of Sui's strategy to capture stablecoin reserve revenue 125 (November 12, 2025).
Sui Foundation, SUI Group Holdings, and Ethena Labs announced suiUSDe and USDi, two Sui-native dollar assets scheduled for Q4 2025. suiUSDe is a localized version of Ethena's USDe, while USDi is backed by USDtb (supported by BlackRock's BUIDL fund); revenue from suiUSDe reserves is earmarked to buy SUI on the open market, reinforcing the ecosystem's native-stablecoin push 7 (October 1, 2025).