Sui and its listed company SUIG announce the launch of synthetic dollar suiUSDe
ChainCatcher news, according to the official announcement, Sui and its Nasdaq-listed Sui asset management company SUI Group Holdings Limited have announced the upcoming launch of suiUSDe. suiUSDe is a proprietary synthetic dollar token based on Sui, supported by Ethena. Ethena is the creator of USDe. The launch of suiUSDe will mark an industry-first collaboration between digital asset management companies, foundations, and stablecoin providers.
suiUSDe will be backed by a variety of digital assets and corresponding short futures positions. In addition to suiUSDe, a new stablecoin USDi, backed by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) tokenized money market fund, will also be launched on Sui later this year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Swedish payment giant Klarna's first stablecoin, KlarnaUSD, has been launched ahead of schedule
Bitcoin OG opens 5x ETH short position worth $15.04 million
Current mainstream CEX and DEX funding rates indicate the market remains broadly bearish
The Crypto Fear Index rises to 28, escaping the "Extreme Fear" zone
Trending news
MoreCrypto prices
More
