Bullish lists USDsui

Crypto exchange Bullish has listed USDsui, Sui’s U.S. dollar stablecoin, Crypto Briefing reported. USDsui launched in March this year and is issued at a one-to-one ratio by Stripe subsidiary Bridge through its open issuance platform. Its reserves consist of U.S. Treasuries, repurchase agreements, money market funds and cash. Unlike most fiat-backed stablecoins, yield generated from the reserves is used for SUI buybacks and DeFi liquidity incentives in the Sui ecosystem.