# USDsui > USDsui is a native, USD-pegged stablecoin on the Sui Network. Issued by Stripe's subsidiary, Bridge, it is designed for scalable finance and global payments. Re... - Canonical URL: https://iq.wiki/wiki/usdsui - Categories: Cryptoassets - Tags: Stablecoin - Created: 2026-03-07T10:31:52.338Z - Last updated: 2026-03-07T09:31:49.000Z - Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki) --- **USDsui**, also known as the **Sui Dollar**, is the native, fiat-backed stablecoin of the [Sui](https://iq.wiki/wiki/sui) [blockchain](https://iq.wiki/wiki/blockchain), pegged 1:1 to the U.S. dollar. [\[1\]](#cite-id-OXUpZhyBcxSbKnme) [\[2\]](#cite-id-6jg0ZPzW1WQmddQL) It was launched in early March 2026 and is issued by [Bridge](https://iq.wiki/wiki/bridge), a company owned by the global financial technology firm Stripe. [\[3\]](#cite-id-G7K2KRNiHxGZlwlW) [\[4\]](#cite-id-X9N3kWP5dy3UIgwL)​ ## Overview USDsui is designed to be a foundational digital dollar for the [Sui](https://iq.wiki/wiki/sui) ecosystem, facilitating scalable finance, global payments, and peer-to-peer transfers. [\[5\]](#cite-id-KB3J8gZXciqOCeUj) Its introduction was a strategic initiative by the [Sui](https://iq.wiki/wiki/sui) network to serve as a bridge between traditional finance (TradFi) and [decentralized finance](https://iq.wiki/wiki/defi) (DeFi), providing a core, trusted asset for developers and users. [\[6\]](#cite-id-cMVWRsCeLS83msrb)​ The stablecoin's launch was timed to address a significant liquidity contraction that the [Sui](https://iq.wiki/wiki/sui) network had experienced since the fourth quarter of 2025, with liquidity dropping by approximately 40%, or $400 million, before its release. The launch of a native stablecoin was viewed as a pivotal moment to bolster the network's fundamentals and attract liquidity. [\[6\]](#cite-id-cMVWRsCeLS83msrb) USDsui is built to leverage [Sui](https://iq.wiki/wiki/sui)'s high-performance architecture, which includes features like parallel transaction execution and sub-second finality, making it suitable for high-throughput applications in DeFi, gaming, and global commerce. [\[3\]](#cite-id-G7K2KRNiHxGZlwlW)​ ## History The development of USDsui followed several key events. In February 2025, the financial technology company Stripe acquired [Bridge](https://iq.wiki/wiki/bridge), the entity that would later provide the issuance infrastructure for the stablecoin. [\[3\]](#cite-id-G7K2KRNiHxGZlwlW) Later that year, between August and September 2025, the [Sui](https://iq.wiki/wiki/sui) network demonstrated its capacity for high-volume transactions by processing a combined $412 billion in stablecoin transfer volume, indicating strong market readiness for a native stable asset. [\[3\]](#cite-id-G7K2KRNiHxGZlwlW)​ The upcoming launch of USDsui was officially announced on November 12, 2025. [\[3\]](#cite-id-G7K2KRNiHxGZlwlW) The stablecoin was developed with U.S. stablecoin legislation in mind, specifically the [GENIUS Act](https://iq.wiki/wiki/genius-act). One report noted that the [GENIUS Act](https://iq.wiki/wiki/genius-act) had been passed into law in 2025, while other sources at the time of the launch described the legislation as anticipated or awaiting future implementation. [\[4\]](#cite-id-X9N3kWP5dy3UIgwL) [\[5\]](#cite-id-KB3J8gZXciqOCeUj) [\[3\]](#cite-id-G7K2KRNiHxGZlwlW) Another analysis noted the launch coincided with positive market sentiment regarding the passage of proposed stablecoin legislation referred to as the [CLARITY Act](https://iq.wiki/wiki/clarity-act). [\[6\]](#cite-id-cMVWRsCeLS83msrb)​ USDsui went live on the [Sui](https://iq.wiki/wiki/sui) [mainnet](https://iq.wiki/wiki/mainnet) in early March 2026, with news reports and blockchain data confirming its launch between March 4 and March 6, 2026. [\[5\]](#cite-id-KB3J8gZXciqOCeUj) [\[1\]](#cite-id-OXUpZhyBcxSbKnme) [\[2\]](#cite-id-6jg0ZPzW1WQmddQL)​ ## Issuer and Governance ### Issuer and Key Organizations USDsui is officially issued by [Bridge](https://iq.wiki/wiki/bridge), a platform specializing in stablecoin orchestration and infrastructure. [\[3\]](#cite-id-G7K2KRNiHxGZlwlW) [Bridge](https://iq.wiki/wiki/bridge) is a subsidiary of Stripe, a major global payments and financial technology company, providing the stablecoin with significant institutional backing. [\[2\]](#cite-id-6jg0ZPzW1WQmddQL) [\[4\]](#cite-id-X9N3kWP5dy3UIgwL)​ The underlying blockchain, [Sui](https://iq.wiki/wiki/sui), was developed by [Mysten Labs](https://iq.wiki/wiki/mysten-labs), a company founded by former members of Meta's Diem (formerly Libra) cryptocurrency project. [\[4\]](#cite-id-X9N3kWP5dy3UIgwL) While [Bridge](https://iq.wiki/wiki/bridge) manages the issuance, the [Sui](https://iq.wiki/wiki/sui) Foundation is the designated beneficiary of the stablecoin's revenue-sharing model, with funds intended to foster growth across the network. [\[5\]](#cite-id-KB3J8gZXciqOCeUj)​ ## Technology and Features ### Issuance and Architecture USDsui is issued using Bridge's "Open Issuance" platform, which is described as enterprise-grade infrastructure that provides a "turnkey" solution for creating and integrating custom stablecoins. [\[5\]](#cite-id-KB3J8gZXciqOCeUj) [\[3\]](#cite-id-G7K2KRNiHxGZlwlW) This setup is designed to simplify the process for developers to build applications using a stable unit of account on [Sui](https://iq.wiki/wiki/sui), such as in-game economies or DeFi protocols. [\[5\]](#cite-id-KB3J8gZXciqOCeUj)​ ### Native Integration and Interoperability As a native asset on the [Sui](https://iq.wiki/wiki/sui) network, USDsui is not a bridged version of a stablecoin from another blockchain. This native status allows it to fully leverage the performance features of the [Sui](https://iq.wiki/wiki/sui) architecture, such as parallel transaction processing and sub-second finality, for greater security and efficiency. [\[2\]](#cite-id-6jg0ZPzW1WQmddQL) [\[3\]](#cite-id-G7K2KRNiHxGZlwlW)​ The stablecoin is deeply integrated into the [Sui](https://iq.wiki/wiki/sui) ecosystem, making it accessible across all compatible wallets, [decentralized applications](https://iq.wiki/wiki/decentralized-application) (dApps), and DeFi protocols, including [Sui](https://iq.wiki/wiki/sui)'s native liquidity layer, Deepbook. [\[5\]](#cite-id-KB3J8gZXciqOCeUj) Furthermore, USDsui was engineered for interoperability with other stablecoins powered by Bridge's platform on different chains and is compatible with wallets and applications such as [Phantom](https://iq.wiki/wiki/phantom-wallet), [Hyperliquid](https://iq.wiki/wiki/hyperliquid), and [MetaMask](https://iq.wiki/wiki/metamask). [\[3\]](#cite-id-G7K2KRNiHxGZlwlW)​ ## Economic Model and Tokenomics ### Revenue Reinvestment Model A central feature of USDsui's economic design is that revenue generated for the [Sui](https://iq.wiki/wiki/sui) ecosystem from the stablecoin's operations is reinvested directly back into the network. [\[5\]](#cite-id-KB3J8gZXciqOCeUj) [\[2\]](#cite-id-6jg0ZPzW1WQmddQL) This reinvestment is intended to fund ecosystem growth initiatives, grants, and investment programs to support developers and foster innovation on [Sui](https://iq.wiki/wiki/sui). [\[3\]](#cite-id-G7K2KRNiHxGZlwlW) ### Yield-to-Buyback Mechanism The revenue reinvestment is achieved through a "Yield-to-Buyback" model. Under this mechanism, the yield generated from the issuance of USDsui is used to fund systematic buybacks of the [Sui](https://iq.wiki/wiki/sui) Network's native token, [SUI](https://iq.wiki/wiki/sui). This process is designed to create a deflationary pressure on [SUI](https://iq.wiki/wiki/sui) by reducing its circulating supply over time. The intended effect is to create a positive feedback loop that supports the long-term value of the [SUI](https://iq.wiki/wiki/sui) token and reinforces the network's overall tokenomics. [\[6\]](#cite-id-cMVWRsCeLS83msrb) ### Supply and Market Data Shortly after its launch in March 2026, the total supply of USDsui was reported to be approximately 5 million tokens, with an uncapped maximum supply. [\[1\]](#cite-id-OXUpZhyBcxSbKnme) At that time, its circulating supply had not yet been reported by major data aggregators, which is a common occurrence for newly launched assets as on-chain data is indexed. The token maintained its peg to the U.S. dollar, with its all-time high recorded at $1.01 and all-time low at $1.00 on March 6, 2026. [\[5\]](#cite-id-KB3J8gZXciqOCeUj) [\[1\]](#cite-id-OXUpZhyBcxSbKnme) ## Use Cases and Adoption ### DeFi and Payments USDsui is positioned as a foundational asset for decentralized finance (DeFi) on the [Sui](https://iq.wiki/wiki/sui) network. It serves as a stable unit of account and medium of exchange for activities such as trading, lending, and borrowing within [Sui](https://iq.wiki/wiki/sui)'s DeFi protocols. [\[5\]](#cite-id-KB3J8gZXciqOCeUj) Beyond DeFi, it is designed to enable scalable global payments, including cross-border remittances and peer-to-peer (P2P) transfers, connecting the on-chain economy with traditional commerce. [\[2\]](#cite-id-6jg0ZPzW1WQmddQL) ### Developer and Enterprise Integration The stablecoin provides a ready-made solution for developers and organizations building on [Sui](https://iq.wiki/wiki/sui). It offers a stable value layer for various applications, from in-game economies to enterprise-level financial services, granting builders direct access to on-chain liquidity. [\[3\]](#cite-id-G7K2KRNiHxGZlwlW) [\[2\]](#cite-id-6jg0ZPzW1WQmddQL) ### Market Availability Upon its launch, USDsui was made available for trading on several decentralized exchanges (DEXs) within the [Sui](https://iq.wiki/wiki/sui) ecosystem. The most active exchange in the initial days was Bluefin, with other platforms including Turbos Finance, Cetus, and Ferra (DLMM). The primary trading pair established was USDSUI against [USDC](https://iq.wiki/wiki/usdc). The token's contract address on the [Sui](https://iq.wiki/wiki/sui) blockchain begins with `0x44f`. [\[1\]](#cite-id-OXUpZhyBcxSbKnme) ## Regulatory Compliance From its inception, USDsui was positioned as a "compliant-ready solution" intended to meet regulatory standards. [\[5\]](#cite-id-KB3J8gZXciqOCeUj) The stablecoin was specifically designed to be compliant with a significant piece of U.S. government legislation for stablecoins. [\[4\]](#cite-id-X9N3kWP5dy3UIgwL) This legislation is most frequently referred to in sources as the [GENIUS Act](https://iq.wiki/wiki/genius-act) or the American [Genius Act](https://iq.wiki/wiki/genius-act). [\[2\]](#cite-id-6jg0ZPzW1WQmddQL) [\[4\]](#cite-id-X9N3kWP5dy3UIgwL) Another source noted the launch coincided with positive market expectations for proposed legislation named the [CLARITY Act](https://iq.wiki/wiki/clarity-act). [\[6\]](#cite-id-cMVWRsCeLS83msrb) There were conflicting reports regarding the status of the [GENIUS Act](https://iq.wiki/wiki/genius-act) at the time of the launch in March 2026; one source stated it had been passed into law in 2025, while others referred to it as a future or anticipated piece of legislation whose enactment was still pending. [\[4\]](#cite-id-X9N3kWP5dy3UIgwL) [\[3\]](#cite-id-G7K2KRNiHxGZlwlW) [\[5\]](#cite-id-KB3J8gZXciqOCeUj)