Ethena's USDe Stablecoin Launches on Sui as suiUSDe with $10M Yield Vault

The synthetic dollar stablecoin USDe, created by Ethena Labs, has officially expanded to the Sui blockchain under the ticker suiUSDe. This major cross-chain deployment coincides with the launch of a dedicated $10 million yield-generating vault on Sui, designed to bootstrap liquidity and attract users. The integration allows Sui ecosystem participants to access USDe's unique yield mechanics, which are derived from Ethereum staking rewards and funding rates from perpetual futures markets. This move enhances DeFi offerings on the high-throughput Sui network and provides a new composable asset for its developers. The initial vault aims to incentivize early adoption by offering competitive yields for users who mint or deposit suiUSDe.