Sui Blockchain Joins #Ethereum and #BNB Chain as Stablecoi

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Sui Blockchain Joins #Ethereum and #BNB Chain as Stablecoin #FDUSD‬⁩ Following its integration with Ethereum and BNB Chain, First Digital's native stablecoin FDUSD—with a market valuation of over $3 billion—is now accessible on the third blockchain, Sui. According to CoinDesk's interview with FDUSD CEO Vincent Chok, the integration would increase the stablecoin's adoption among users of decentralized finance (DeFi). Sui is a new network that is actively promoting the DeFi industry. We want to join forces as a new stablecoin since their development in a year is equally remarkable. Sui TVL Earned More Than $500 Million One of the most rapidly expanding Layer 1 blockchains is Sui. Its remarkable DeFi growth continued, and by February it had surpassed $500M in TVL. Sui surpassed Aptos and Cardano at that moment because to its remarkable development. With its integration into the Sui network, FDUSD has become the first leading stablecoin to be issued natively on the Sui network. The blockchain is home to $340 million worth of Tether (USDT) and USD Coin (USDC), according to DefiLlama statistics. "This integration will have a profound impact on the Sui community, fueling enhanced liquidity, expanding the network’s utility, and unlocking new possibilities for builders and users," made note of Greg Siourounis, managing director of ecosystem development group Sui Foundation. Launched in August 2023, FDUSD now ranks fourth on Coin Market Cap for 24-hour worldwide trading volume. There are 3.28 billion of the fiat-pegged coin in circulation, with most of them being split between Ethereum and the BNB Chain. #sui $SUI

Sui Blockchain Joins #Ethereum  and #BNB  Chain as Stablecoin #FDUSD‬⁩ 

Following its integration with Ethereum and BNB Chain, First Digital's native stablecoin FDUSD—with a market valuation of over $3 billion—is now accessible on the third blockchain, Sui.

According to CoinDesk's interview with FDUSD CEO Vincent Chok, the integration would increase the stablecoin's adoption among users of decentralized finance (DeFi).

Sui is a new network that is actively promoting the DeFi industry. We want to join forces as a new stablecoin since their development in a year is equally remarkable.

Sui TVL Earned More Than $500 Million
One of the most rapidly expanding Layer 1 blockchains is Sui. Its remarkable DeFi growth continued, and by February it had surpassed $500M in TVL. Sui surpassed Aptos and Cardano at that moment because to its remarkable development.

With its integration into the Sui network, FDUSD has become the first leading stablecoin to be issued natively on the Sui network. The blockchain is home to $340 million worth of Tether (USDT) and USD Coin (USDC), according to DefiLlama statistics.

"This integration will have a profound impact on the Sui community, fueling enhanced liquidity, expanding the network’s utility, and unlocking new possibilities for builders and users," made note of Greg Siourounis, managing director of ecosystem development group Sui Foundation.

Launched in August 2023, FDUSD now ranks fourth on Coin Market Cap for 24-hour worldwide trading volume. There are 3.28 billion of the fiat-pegged coin in circulation, with most of them being split between Ethereum and the BNB Chain.
#sui $SUI