Sui Group Holdings is making a decisive move into stablecoins. The Nasdaq-listed digital asset treasury company plans to launch two stablecoins on the Sui blockchain before the end of 2025, partnering with Ethena to boost liquidity and expand financial activity across the Sui ecosystem.
The two assets- suiUSDe and USDi, will serve different user needs. suiUSDe will offer yield to holders, while USDi will function as a non-yielding dollar-pegged stablecoin. Together, they aim to reduce reliance on Circle’s USDC and give developers and users more choice on Sui’s layer-1 network.
Why Ethena Matters
Ethena brings serious scale to the table. Its flagship stablecoin USDe has grown into the third-largest dollar-denominated digital asset, with more than $14.8 billion in total value locked. By leveraging Ethena’s proven infrastructure, Sui Group is fast-tracking stablecoin adoption without building everything from scratch.
This also marks a milestone for the industry. Sui becomes the first non-EVM blockchain to host native high-yield Ethereum-linked stablecoins, blending Ethereum’s financial design with Sui’s high-speed, low-cost execution.
Just finished an amazing 2-day Sui workshop 🚀
— Bυɾԋαɳ | برهان 🙂 (@AbdurhamanNur) December 14, 2025
Learned Move language, explored the Sui ecosystem, and gained a real builder’s perspective on Web3
The energy was different — great networking, meaningful conversations, and met some genuinely amazing people 💙
Huge respect to… pic.twitter.com/7RBbBl4n1f
Read More: SUI Ecosystem Projects
A Shift From Treasury to Infrastructure
Chairman Marius Barnett framed the initiative as a turning point for the company. Rather than acting solely as a token holder, Sui Group wants to evolve into a liquidity engine for the entire ecosystem, what Barnett described as a “next-generation SUI Bank.”
The partnership with Ethena and support from the Sui Foundation signals a long-term commitment to scalable financial infrastructure, not a short-term yield experiment.
Capital Efficiency and Balance Sheet Impact
Sui Group highlighted low launch costs as a key advantage. Revenue generated from stablecoin reserves is expected to strengthen the company’s balance sheet while creating new, recurring income streams. Management believes this approach can enhance shareholder value while reinforcing Sui’s on-chain economy.
The timing matters. Just last month, the company added around 20 million SUI tokens to its holdings, pushing total exposure beyond $300 million. Through a direct purchase agreement with the Sui Foundation, originating from a $450 million private placement, the firm can acquire tokens at discounted rates.
Risks and Competitive Pressure
There are challenges ahead. Regulatory compliance, reserve transparency, and technical integration will be closely watched. Competition from entrenched stablecoin issuers like Circle and Tether remains intense.
Still, the move signals a broader shift. Public companies are no longer just holding crypto, they’re building financial products on-chain.
What This Means for Sui
Sui operates as a proof-of-stake layer-1 blockchain designed to compete with Ethereum and Solana. By combining blockchain speed with dollar stability, Sui Group is testing a new model for liquidity creation and asset management.
If successful, this strategy could reshape how stablecoins, treasuries, and corporate balance sheets interact in the on-chain economy and set a blueprint for how future digital assets are launched and managed.
