The suiUSDe stablecoin, backed by Athena, has been launched on the Sui mainnet. Alongside this, the SUI group introduced a permissionless yield wallet with a total investment value of approximately $10 million. This new system is integrated with Deepbook’s advanced margin trading feature to offer users a better and more secure trading experience. suiUSDe is a stablecoin pegged to the US dollar, facilitating peer-to-peer transactions through blockchain technology. It is specifically designed for the Sui blockchain, known for its high speed and low transaction fees, making it an attractive platform for DeFi and other financial applications. Athena aims to provide users with modern and cost-effective financial services to promote digital currency adoption. Through the new yield wallet, users can stake their suiUSDe coins and earn profits, meeting current market demands. This initiative is seen as a positive development in the DeFi and cryptocurrency space, expected to attract new users and enhance stability and trust in the crypto market. Further wallets and financial products leveraging blockchain technology are anticipated in the future to strengthen and secure the ecosystem.
Source: coindesk
