Nasdaq-Listed Treasury Aims to Shake Up Stablecoin Race with Yield-Giving Token

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The stablecoin arena is set for a new challenger as Sui Group Holdings unveils a two-pronged strategy. The digital asset treasury firm plans to launch a pair of stablecoins on the Sui blockchain, with a key differentiator: one will offer yield to holders.

Dubbed suiUSDe and USDi, the tokens will be issued in partnership with Ethena. This strategic entry leverages Sui Group’s substantial resources, including over $300 million in SUI tokens and a direct supply deal with the Sui Foundation.

The move positions the Nasdaq-listed company to compete not just on stability, but on utility, directly taking on incumbents like Tether and USDC in the rapidly evolving Layer 1 ecosystem.