The USDsui stablecoin, issued by the Stripe-owned company Bridge, is now available for trading on the Bullish exchange in eligible regions. The token, which launched on March 4, 2026, is pegged to the US dollar at a 1:1 ratio and is backed by reserves including US Treasuries, cash, and money-market funds.
The circulating supply of USDsui is currently between approximately 78.5 million and 78.85 million tokens, with a market capitalization of $78–79 million. The stablecoin maintains its $1.00 peg and is designed to support payments and decentralized finance applications within the Sui ecosystem.
Unlike traditional stablecoins, USDsui directs yield generated from its reserves toward SUI token buybacks and liquidity incentives for DeFi protocols. The asset has already been integrated into platforms such as Cetus, Bluefin, and Turbos Finance, ranking as the second-largest stablecoin on the Sui network.
Stablecoin transfer volumes on the Sui blockchain surpassed $100 billion in early 2026. The listing on Bullish provides traders with a new venue to access the asset without needing to move funds directly onto the Sui blockchain.
