Ethena-backed SuiUSDe launches on Sui mainnet

SuiUSDe, a synthetic dollar stablecoin backed by Ethena, has officially launched on the Sui mainnet, CoinDesk reported. The launch includes the activation of a $10 million yield-bearing vault, strengthening the stablecoin and on-chain yield structure within the Sui ecosystem. SuiUSDe is the first synthetic dollar on the Sui network and is designed for direct use in on-chain transactions and yield structures.