TechFlow News: On February 12, according to official announcements, suiUSDe—backed by Ethena—has launched on the Sui mainnet. As the first “synthetic dollar” on the Sui network, suiUSDe is also the first synthetic dollar to support DeepBook Margin, expanding composable financial functionality on Sui. By integrating DeepBook Margin, suiUSDe can be used for margin trading, lending, and other DeFi workflows.
This launch of suiUSDe has received support from multiple ecosystem participants, including SUI Group Holdings. Currently, several ecosystem projects—including Abyss, Cetus, and Deeptrade—will support DeepBook Margin trading. In the future, additional ecosystem projects such as Aftermath, AlphaLend, Bluefin, Ember, Navi, Pyth, Scallop, and Suilend will also support suiUSDe, further advancing Sui’s DeFi ecosystem.
Earlier, DeepBook—a DeFi project in the Sui ecosystem—announced the launch of its Margin leveraged trading feature, introducing fully on-chain and composable leveraged trading to Sui. Asset holders can earn passive yields by providing liquidity to leveraged trading pools, further positioning DeepBook as Sui’s core financial engine.
