Deep Tide TechFlow news, on January 9th, reported by The Block, Web3 infrastructure company Mysten Labs announced the appointment of former Chief Legal Officer Kevin Boon as the company's president. Boon stated that the company will launch the Walrus Protocol mainnet, a decentralized storage platform based on the Sui blockchain, in early 2025.
As a public chain derived from Meta's former Diem project, Sui has supported first-tier stablecoins like USDC. During the upcoming Trump administration, Boon plans to seize opportunities from changes in the regulatory environment, focusing on the legislative progress of stablecoins, and will actively seek more application scenarios and collaboration opportunities for stablecoin projects on Sui.