Bullish exchange lists Sui Dollar stablecoin for trading

Sui Dollar, the native stablecoin of the Sui blockchain, is now available to trade on Bullish in eligible regions. The token trades under the ticker $USDsui. It reached a centralized exchange order book only weeks after its launch, which is quick for a stablecoin built for one specific chain. What USDsui actually is $USDsui launched on March 4, 2026, as a fiat-backed, USD-pegged stablecoin native to Sui. Bridge, a company owned by Stripe, issues it on a 1:1 basis through its Open Issuance platform. Each token is backed by a reserve of dollar assets. That reserve includes US Treasuries, repos, money-market funds and cash, with an emphasis on short-term Treasuries. The token was built to support payments and decentralized finance (DeFi) inside the Sui ecosystem. DeFi refers to lending, trading and other financial services run by software on a blockchain rather than by a bank. The circulating supply sits between approximately 78.5 million and 78.85 million tokens. Market capitalization is near $78–79 million, and the token has held its $1.00 peg. The yield twist Most fiat-backed stablecoins operate on a simple business model. Users hold tokens that earn nothing, the issuer parks the r...