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0.020501138952164 -0.0252164009111618 -0.0410022779043282 -0.0550341685649203 -0.0569476082004556 -0.030751708428246 -0.050113895216401 -0.0387243735763098
Stock impact report

SUI Group Partners with Ethena and the Sui Foundation to Launch suiUSDe and USDi, the First Native Sui Stablecoins

Sui Group Holdings Limited (SUIG) 
Company Research Source: Business Wire
Marks Industry-First Collaboration Between a Digital Asset Treasury Company, Blockchain Foundation, and Stablecoin ProviderCapital-Efficient Launch of suiUSDe and USDi expected to Unlock Scalable Cash Flow Potential and Long-Term Value Creation for SUIG Shareholders WAYZATA, Minn.--(BUSINESS WIRE)--SUI Group Holdings Limited (“SUI Group,” “SUIG” or the “Company”) (NASDAQ: SUIG), in partnership with Ethena, a DeFi synthetic dollar protocol, and the Sui Foundation, today announced the launch of suiUSDe, a Sui-native synthetic dollar token, and USDi, a stablecoin backed by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) tokenized money market fund.Ethena is the protocol behind USDe, the third-largest and fastest-growing USD-denominated digital asset in history. The protocol has surpassed $14.8 billion in total value locked and supports one of the largest user bases of any DeFi protocol, with integrations across major centralized exchanges and leading DeFi applications.T Show less Read more
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