Every major chain wants its own stable dollar now because that's where the liquidity lives. Which is why @SuiNetwork is launching two stablecoins w the help of Ethena this year🔥 > suiUSDe > USDi This is @ethena_labs’ first move outside EVM chains. They're basically providing the infra while Sui handles the native integration. Profits from suiUSDe operations → Used to buy $SUI Ethena's been doing this playbook by creating chain specific synthetic dollars, take a cut of the revenue. For Sui, it's about joining the stablecoin competition.