$USDsui went live like a month ago and already at $44M supply. @SuiNetwork rolled it out as the native stablecoin, issued by Bridge (a @stripe company), backed by T-bills for the whole Sui DeFi stack. what’s interesting is the yield from those backing assets actually stays inside the ecosystem instead of leaking out to Tether/Circle. don’t really see many chains pull that off, even ones sitting on billions in TVL. it’s already plugged pretty deep into the Sui eco and I’ve been farming it for a week now. still feels like not many people are paying attention. it’s a bear so most ppl are just sitting in stables anyway. pretty easy to rotate some dry powder into USDsui and farm the yield before it inevitably compresses. 1/ lending: just supply and earn yield, often higher than stables on other chains. > @Scallop_io: 9.51% APY > @suilendprotocol: 7.08% APY > @navi_protocol: 7.5% APY 2/ LP > @bluefinapp: USDsui/USDC: 20% APR SUI/USDsui: 36.83% APR (best if you’re already holding $SUI) > @CetusProtocol: USDsui/USDC: extra 9.2% farming rewards on top personally can’t fade that double digit yield on the USDsui/USDC pool, and IL isn’t even something I’m stressing about here.