Sui Debuts Sui Dollar and Redirects Treasury Yield to Strengthen Its Ecosystem

TL;DR:Sui introduces USDsui, a stablecoin that reinvests Treasury bond yields back into its own network.The infrastructure is backed by Bridge (owned by Stripe) and managed by Galaxy Digital’s asse...

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Sui Debuts Sui Dollar and Redirects Treasury Yield to Strengthen Its Ecosystem

Source: cryptonews.net

TL;DR:Sui introduces USDsui, a stablecoin that reinvests Treasury bond yields back into its own network.The infrastructure is backed by Bridge (owned by Stripe) and managed by Galaxy Digital’s asset division.The model aims to create a compounding effect ...