US digital bank Erebor adds 'Sui' to payments blockchain

Source
JOON HYOUNG LEE

Summary

  • US digital bank Erebor said it has added Sui (SUI) to its payments blockchain.
  • It said Erebor customers can now use Sui-based stablecoin deposit and withdrawal services.
  • A Sui representative said the integration is meaningful in that it bridges the gap between regulated banking infrastructure and global stablecoin payments operating 24/7.

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US digital bank Erebor has added Sui (SUI) to its payments blockchain.

Sui said via its official website on the 2nd (local time) that "Erebor supports Sui-based payments." Sui added that "Sui is one of the few blockchains supported by Erebor," and that "Erebor customers can now use Sui-based stablecoin deposit and withdrawal services."

Erebor is a US digital bank established last year. Its main customers are digital-asset and tech companies, and it obtained a banking charter from the Office of the Comptroller of the Currency (OCC) in February. A Sui representative said, "This integration is meaningful in that it bridges the gap between regulated banking infrastructure and global stablecoin payments that operate 24/7," the representative explained.

JOON HYOUNG LEE

JOON HYOUNG LEE

gilson@bloomingbit.ioCrypto Journalist based in Seoul
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