I just noticed that Sui has launched its native stablecoin, USDsui, and it's causing quite a stir in the ecosystem. The currency is already operating on several Sui DEX platforms like Turbos, Cetus, and Bluefin, and it seems to be bringing more liquidity to the network. Currently, SUI is trading around $0.94 with a 0.67% increase in the last 24 hours. The market capitalization remains at $3.72 billion.



The interesting part is that USDsui was structured so that part of the reserve earnings go back to the Sui ecosystem instead of staying with external issuers. This is different from the traditional model we usually see. With over 111 billion processed in stablecoin volume in January, the network is showing real strength.

Technically, the price is consolidating after a sharper decline. Support is solid around $0.81-$0.83, and if SUI manages to break above and stay above $1.05 with good volume, the network's DEXs could see interesting movement. The technical targets point to $1.10, $1.17, and potentially $1.29. It's worth paying attention to the price behavior in the coming days.
SUI0.74%
TURBOS5.06%
CETUS3.87%
BLUE0.79%
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