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.