The Sui Blockchain is about to launch 2 stablecoins with ENA and BlackRock
$Sui is preparing for a significant advancement as it officially partners with Ethena Labs and BlackRock to issue its first two native stablecoins on its network. This is not just a piece of technology news but also holds strategic significance for the entire DeFi ecosystem on Sui.
*Specifically, Sui will have:
- $USDi: a stablecoin backed 1:1 by BlackRock's BUIDL Fund – a cryptocurrency money market fund issued through Securitize. This means that TradFi "real money" will flow directly into Sui.
- $suiUSDe: the native version of $USDe (Ethena) – a synthetic stablecoin that previously made waves on Ethereum with a market cap exceeding 14 billion USD. This stablecoin is backed by a combination of crypto and short derivatives, known for its ability to generate attractive yields for holders.
=> Notably, Sui was not chosen by chance. Last August, this network processed up to 229 billion USD in stablecoin transaction volume, breaking the previous record. It is Sui's performance and flexible integration capabilities that led Ethena and BlackRock to see it as a suitable launchpad for expansion.
*The significance of this event is very clear:
- With USDi, Sui gains a layer of safe liquidity, backed by real-world assets (RWA).
- With suiUSDe, the ecosystem gains an additional "yield-bearing" stablecoin option, capable of attracting DeFi capital.
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