Stablecoin Information
Sui Dollar (USDsui) is designed to be a foundational digital dollar on Sui
Category:fiat-backed
Minting and Redemption
USDsui is minted when a user deposits USD through Bridge's API, the funds are held in cash and Treasury reserves, and an equivalent amount of USDsui is issued on Sui. Redeeming is the reverse: the tokens are burned on-chain and the user receives USD back. Both operations are 1:1 and handled entirely through Bridge (a Stripe company).
Audits:No
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | >-0.0001% | +2.04% | +5.26% | 75.52m |