Sui news

Sui launched its USDsui stablecoin on mainnet, issued by Bridge, a Stripe-owned platform. The token is positioned as a “unified digital dollar” usable across wallets, DeFi protocols and Sui applications and interoperable with other Bridge‑issued stablecoins. The stablecoin complies with the 2025 GENIUS Act, U.S. legislation governing stablecoins. Sui, developed by former Meta Diem engineers via Mysten Labs, aims to provide a fast, scalable blockchain for programmable finance. President Donald Trump recently said the GENIUS Act is being threatened by banks, reflecting ongoing tension between banking and crypto sectors.

The Sui Dollar (USDsui), the native stablecoin of the Sui blockchain, launched on Wednesday. Its backing assets, including Treasury bonds and liquid holdings, will generate yield that is used to repurchase SUI tokens, fund DeFi protocols, and support automated market making, according to co‑founder Adeniyi Abiodun of Mystick Labs. USDsui is issued by Bridge, a stablecoin firm acquired by Stripe, and the Sui network was created by former Meta engineers from the Libra/Diem project. Abiodun said the token’s yield will flow back into the ecosystem, contrasting with other major stablecoins that keep earnings external, and noted that existing USDC holdings and investor interest make bootstrapping the new stablecoin straightforward.

SUI will unlock 53.82 million tokens (~0.54 % of supply) on March 1, valued over $50 m. At $0.935 below $0.977 resistance, compression appears on the Squeeze Momentum Indicator, while bullish strength emerges. If volatility expands, SUI could break $0.977 toward $1.060; failure to absorb new supply could drop it below $0.879, undermining the bullish outlook. PIPPIN recently hit $0.904, now at $0.679, backed by a bullish descending wedge and strong Chaikin Money Flow; a rise above $1.000 would confirm its breakout, while falling below $0.666 could push it toward $0.514, weakening the upside. STABLE set an intraday ATH of $0.039, trading at $0.036, with overbought MFI signaling caution; it could retrace to $0.030 or deeper support at $0.025, though a sustained rally may keep it between $0.039 and $0.030, and a breakout above the ATH could target $0.048.

21Shares has launched the 21Shares Spot SUI ETF (ticker TSUI) on Nasdaq, following its earlier 2‑X leveraged SUI fund. The spot ETF adds a straightforward, non‑leveraged option to the two SUI funds already trading last week. The move expands access to the Sui blockchain’s native token through a spot‑based structure. 21Shares’ launch comes after the Canary Stake SUI ETF and Grayscale Sui Staking ETF debuted. Sui is a hyper‑scalable Layer‑1 blockchain from Mysten Labs. Its native token, SUI, pays transaction fees and powers smart‑contract execution and ranks 31st by market cap at roughly $3.3 billion. The project has gained institutional interest, with 21Shares citing Sui’s rapid advances in payments and cross‑border settlement as key drivers of its growth.

Two new Sui spot ETFs, Canary’s SUIS on Nasdaq and Grayscale’s GSUI on NYSE Arca, began trading Feb. 18. By the close of the first session, GSUI moved about 8,000 shares and SUIS around 1,468, for a combined notional volume under $150,000 – barely visible on the tape. In contrast, Solana’s BSOL opened with $55.4 M and XRP’s XRPC with $58 M; the drop reflects the market‑cap tiering effect that limits liquidity for lower‑ranked assets. The article argues that distribution, institutional trust and hedging infrastructure, not just regulatory approval, drive trading volume, and that Sui’s low debut highlights a distribution wall that limits altcoin ETFs outside the top tier.

Canary Capital's SUIS and Grayscale's GSUI, the first Sui blockchain ETFs, began trading on Nasdaq and the New York Stock Exchange on Wednesday. Both funds grant investors exposure to Sui's proof-of-stake mechanism, offering staking rewards alongside token price exposure. Sui, launched in 2023 and built on the Move language, has seen its token slide from roughly $1.98 when Canary filed with the SEC in March 2025 to about $0.95 today, a roughly 40% decline in 30 days amid a broader crypto market contraction. The network has suffered two major outages since launch.

Canary Capital has launched the Canary Staked SUI ETF (SUIS), a U.S.-listed spot ETF that tracks the price of Sui’s native token while incorporating staking rewards from the network’s proof‑of‑stake validation process. The fund’s net asset value reflects both price performance and on‑chain yield, offering investors a brokerage‑based entry into Sui without the need to manage private keys or validator operations. This listing adds to a growing roster of crypto ETFs beyond Bitcoin and Ethereum, demonstrating issuers’ intent to bring newer layer‑1 networks into traditional investment vehicles. SUIS also tests regulators’ tolerance for yield‑bearing crypto products within a registered ETF framework, coinciding with Grayscale’s Sui Staking ETF listing on NYSE Arca.

On February 18, 2026, two spot SUI ETFs began trading, giving investors direct exposure to SUI’s price and potential staking rewards. Canary Capital’s SUIS on Nasdaq tracks the token’s spot price and distributes net staking income, while Grayscale’s GSUI on NYSE Arca converts its trust into an ETF. SUI, the native token of Mysten Labs’ Layer‑1 blockchain, sits at 31st by market cap (~$3.7 billion). The launch follows a wave of crypto ETFs and underscores a regulatory shift that has broadened institutional access to blockchain assets.

Ethena-backed suiUSDe, a synthetic dollar stablecoin, launched on Sui Mainnet, expanding the network's stablecoin roster and becoming the first synthetic dollar on DeepBook Margin. The launch introduces on‑chain trading and yield infrastructure. SUI Group Holdings seeded a newly formed suiUSDe yield vault with $10 million, part of a $25 million capacity managed by Ember Protocol and the Bluefin team, positioning one of the largest initial stablecoin deployments on Sui. The token is designed to act as active collateral and liquidity, integrating with margin engines and liquidation logic, supporting leveraged trading and yield strategies across protocols like Aftermath, Bluefin, Cetus, Navi and others.

Sui Group Holdings, formerly Mill City Ventures, has rebranded and is positioning itself as a leading digital‑asset treasury (DAT) for the Sui ecosystem. The firm currently holds about 108 million SUI tokens, roughly $160 million, and aims to raise that stake to 5 % of the circulating supply. In a 2025 PIPE it raised $450 million, keeping $60 million on hand to avoid forced token sales. Beyond buying and staking, Sui Group is launching SuiUSDE, a native stablecoin built with the Sui Foundation and Ethena, and has a revenue‑sharing deal with Bluefin’s perpetual‑futures DEX. The company’s goal is to generate higher yields—up to 6 %—and become the central economic actor in the Sui network while providing public‑market investors a cleaner entry to its growth.