Sui Launches suiUSDe Synthetic Dollar Stablecoin
- Sui has introduced suiUSDe, a synthetic dollar stablecoin, on its blockchain.
- suiUSDe is backed by digital assets paired with short futures positions, rather than traditional fiat reserves.
- The stablecoin is developed in partnership with Ethena, the issuer of USDe.
- Revenue from suiUSDe will be used to purchase additional SUI tokens, supporting the ecosystem through buybacks by the Sui Foundation and SUI Group.
Sui has unveiled suiUSDe, a new synthetic dollar stablecoin backed by digital assets and short futures positions. This initiative is in collaboration with Ethena and aims to strengthen the Sui ecosystem through strategic buybacks of SUI tokens.
Source (3.2)https://cryptobriefing.com/sui-launches-suiusde-synthetic-dollar-token-with-ethena/?rand=59535
