Sui has completed over $65 billion in gas-free stablecoin transfers since June 10
2026-08-04 11:34
Odaily Planet Daily News: Evan Cheng, co-founder of Mysten Labs, the development entity behind Sui, stated that within the next four years, the scale of digital payments carried by Sui will be comparable to the combined scale of traditional internet bank card networks and bank payment rails.
Mysten Labs was founded in 2021 by engineers who previously worked on Meta's discontinued Diem blockchain and the Move programming language. Cheng positions Sui as settlement infrastructure for stablecoins, remittances, and agent-to-agent commerce between AI systems.
Since Mysten Labs eliminated gas fees for stablecoin transfers at the protocol level on June 10, Sui has processed over $65 billion in stablecoin transfers. Since the beginning of 2024, Sui's cumulative stablecoin trading volume has reached $2.27 trillion.
Sui's Hashi testnet went live on July 22, allowing Bitcoin to be used as collateral for decentralized finance loans on Sui without being wrapped into synthetic tokens. The bridge was built by Mysten Labs and the Sui Foundation together with more than 20 participating institutions.
Mysten Labs was founded in 2021 by engineers who previously worked on Meta's discontinued Diem blockchain and the Move programming language. Cheng positions Sui as settlement infrastructure for stablecoins, remittances, and agent-to-agent commerce between AI systems.
Since Mysten Labs eliminated gas fees for stablecoin transfers at the protocol level on June 10, Sui has processed over $65 billion in stablecoin transfers. Since the beginning of 2024, Sui's cumulative stablecoin trading volume has reached $2.27 trillion.
Sui's Hashi testnet went live on July 22, allowing Bitcoin to be used as collateral for decentralized finance loans on Sui without being wrapped into synthetic tokens. The bridge was built by Mysten Labs and the Sui Foundation together with more than 20 participating institutions.
추천 기사
