Sui CPO Says South Korea Would Be Asia’s Top Market, a ‘Game Changer’ With Digital-Asset Rules

Adeniyi Abiodun, co-founder and chief product officer of Mysten Labs, the developer of Layer 1 blockchain Sui, said on June 17 that South Korea could become a “game changer” if it formalizes the digital-asset industry.

At a press conference in Seoul’s Gangnam district, Abiodun said Sui is awaiting South Korea’s digital-asset legislation more than any other market in Asia. Mysten Labs is discussing partnerships with a range of companies, including major domestic technology firms and financial institutions, he said. Clearer regulation in South Korea would pave the way for significant innovation.

Abiodun also highlighted the company’s strategy for AI agents. Sui expects the industry to enter an era of “agentic finance,” in which AI systems directly hold and manage assets. “All transactions will now be conducted through AI agents,” he said. Finance should no longer be bound by geography or time and should always be on and inherently programmable.

He described Sui as a blockchain optimized for agentic finance. By separating payments from consensus, stablecoin transfer costs on Sui are close to zero, he said. That would allow AI agents to conduct transactions faster and more efficiently on the network, with demand continuing to grow.

Abiodun also discussed the role of USDsui, a dollar-based stablecoin launched last month. USDsui is a Sui-native stablecoin issued by Bridge, a subsidiary of global fintech company Stripe. He called it a regulation-ready stablecoin optimized for payments. Revenue generated by USDsui helps fund near-zero fees on the Sui network, he said.

Asked how it differs from established stablecoins such as Tether’s USDT and Circle’s USDC, Abiodun pointed to “zero fees.” He said he expects thousands of stablecoins to emerge globally. With no transaction fees, many of them would be able to move freely across the Sui ecosystem. Returning stablecoin revenue to the network to build a fee-free ecosystem is another point of differentiation, he added.

Mysten Labs aims to make Sui a platform where money can move as easily and quickly as a digital message. “The foundation for moving money as freely as a digital message is no longer a concept. It is a core area Sui is focused on,” Abiodun said. “We will build the foundation for a new financial infrastructure where AI and humans operate together.”