SUI Group Launches eSUI (suiUSDe) with Ethena and Advances Institutional Adoption Through the suiUSDe Vault on Ember Protocol and Bluefin
Sui Group Holdings (Nasdaq:SUIG) is taking the next step in building native, institutional-grade dollar infrastructure on Sui. Today, we’re announcing that eSui Dollar (suiUSDe), our Ethena-backed synthetic dollar, is now live on Sui Mainnet – and we’re immediately putting it to work.
This launch includes the deployment of $10 million in newly minted suiUSDe into a yield-generating vault operated by Ember Protocol, a vault and investment infrastructure provider incubated by the team behind Bluefin. The vault is a permissionless, yield-generating strategy built natively on Sui, with an initial capacity of $25 million and access open to both institutional and individual participants.
This marks an important transition from launch to utilization: pairing a native, reliable dollar asset with professionally curated, on-chain yield infrastructure. By acting as the anchor participant in the suiUSDe Vault, we aim to help establish a foundational liquidity layer for stablecoin-based yield on Sui and build another value creation mechanism for our ecosystem.
For SUI Group, this is a continuation of our thesis: institutional balance sheets can plug directly into high-throughput chains like Sui, using native assets and transparent, composable vaults to support ecosystem growth and generate sustainable on-chain yield.
We’re excited to build this next chapter together with Ethena Labs, the Sui Foundation, Bluefin, and Ember Protocol.
Full announcement and details: https://www.businesswire.com/news/home/20260211361691/en/SUI-Group-Launches-eSUI-suiUSDe-with-Ethena-and-Advances-Institutional-Adoption-Through-the-suiUSDe-Vault-on-Ember-Protocol-and-Bluefin