Mysten Labs Co-founder: Sui Stablecoin Transaction Volume Surpasses $1 Trillion Since Last August

Odaily Planet Daily News: At Consensus 2026, Mysten Labs co-founder Adeniyi Abiodun stated that the Sui network has processed over $1 trillion in stablecoin transaction volume since last August and plans to launch zero-fee stablecoin transfers and privacy payment features.

Abiodun said Sui aims to become "the default network for future capital flows," arguing that current traditional cross-border payment systems are too expensive, for example, sending $100 to Nigeria may incur a $35 fee. He noted future financial systems should not be as fully public as social media, and users require stronger privacy protection capabilities. Sui is developing a storage layer that supports encrypted transaction intents to accommodate AI Agent-driven automated payments, as well as future refund and fraud handling mechanisms. Additionally, Sui is currently testing quantum-resistant signature technology on its testnet, aiming to complete deployment before the EU's quantum security requirements take effect in 2030. Abiodun also expressed willingness to coordinate with the Bitcoin ecosystem and open-source relevant research.

However, Sui has also recently faced technical stability challenges, with its mainnet experiencing several hours of downtime in January 2026. The current SUI price is approximately $0.99, down about 81% from its all-time high of $5.35 set in January 2025. (The Block)