$SUI
First Digital Labs has announced that its native FDUSD stablecoin is now live on the Sui blockchain, a move that enhances the multi-chain compatibility of FDUSD. FDUSD has become the second native stablecoin deployed on Sui after USDC, which not only strengthens FDUSD's position as a multifunctional and interoperable stablecoin but also bolsters the emerging DeFi ecosystem on Sui, where TVL (Total Value Locked) exceeds $1.5 billion.
Through this integration, FDUSD's multi-chain compatibility now extends to Sui, providing a truly interoperable stablecoin capable of driving DeFi applications across more platforms. Utilizing Sui's high-performance network combined with FDUSD's own robust architecture, FDUSD can achieve breakthrough use cases, improving the speed and efficiency of data transfer and other on-chain operations. Additionally, integrating protocols such as NAVI and Cetus, and leveraging Sui's native liquidity layer DeepBook, will drive the development of new applications, further expanding FDUSD's utility in the DeFi space.
Sui's blockchain design boasts unprecedented scalability and composability, making it an ideal platform for stablecoins like FDUSD that are fully backed by cash and cash equivalents. The network's object-centric model, powered by the Move programming language, enables parallel transaction execution and rich composability, providing developers with the tools to build powerful decentralized applications (dApps) to maximize efficiency. Therefore, the launch of FDUSD on Sui will drive the emergence of more innovative applications in the fields of payments and data transfer.
