Summary
- It is notable that Sui Group Holdings has revealed plans to issue two own stablecoins by the end of the year.
- The suiUSDe to be issued is yield-bearing, while USDi is a non-yield model.
- The two stablecoins are set to be released in cooperation with Ethena (ENA), and competition in the dollar-pegged stablecoin market is expected to intensify.
Nasdaq-listed Sui Group Holdings is reportedly planning to issue its own stablecoins.
On the 2nd (local time), The Block reported that the newly launched Sui Group Holdings' own stablecoins will be two types: 'suiUSDe' and 'USDi'. The former is a yield-bearing structure that pays interest to holders, and the latter is a non-yield model that does not pay interest.
The two stablecoins are expected to be launched by the end of this year in collaboration with Ethena (ENA). This is expected to further intensify competition among U.S. dollar-pegged stablecoins.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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