TechFlow news, October 2 — According to an official announcement, Sui and its Nasdaq-listed fund management company SUI Group Holdings Limited (Nasdaq: SUIG) announced the upcoming launch of suiUSDe.
suiUSDe is a proprietary synthetic dollar token built on Sui, powered by Ethena, the creator of USDe.
The launch of suiUSDe marks an industry-first collaboration between a digital asset fund manager, foundation, and stablecoin provider.
suiUSDe will be backed by a basket of digital assets and corresponding short futures positions. In addition to suiUSDe, a new stablecoin USDi, backed by BlackRock's tokenized money market fund (BUIDL), will also launch on Sui later this year.
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