Sui, the Layer 1 blockchain offering industry-leadingperformance and infinite horizontal scaling, and First Digital Labs, thecreator of one of the world’s largest stablecoins, FDUSD, today announced thatFDUSD is live on Sui. FDUSD is the second multi-billion dollar market capstablecoin to natively integrate with Sui in recent months, strengtheningFDUSD’s position as a versatile and interoperable stablecoin while enhancingSui’s burgeoning DeFi ecosystem where TVL is over $1.5B.

With this integration, FDUSD’s multi-chain compatibility nowextends to Sui, providing a genuinely interoperable stablecoin capable ofdriving DeFi applications across countless additional platforms. By leveragingSui’s high-performance network combined with its own powerful architecture,FDUSD enables breakthrough use cases that enhance speed and efficiency in datatransfers and other on-chain operations. Additionally, integrating protocolssuch as NAVI and Cetus and leveraging Sui’s native liquidity layer, DeepBook,will fuel the development of new applications, further expanding FDUSD’sutility within the DeFi landscape.

“We are thrilled to launch FDUSD on Sui and look forward tothe new possibilities this integration brings,” said Vincent Chok, Founder andCEO of First Digital. “By leveraging Sui’s unique object-centric design, FDUSDgains access to ultra-fast transaction speeds, low fees, and unmatchedscalability. Today’s deployment augments FDUSD’s multi-chain compatibility andstrengthens on-chain liquidity in what is already a thriving DeFi ecosystem,paving the way for even more innovation on Sui."

“Sui’s DeFi ecosystem continues to surge, recentlysurpassing $1 billion in TVL and consistently ranking among the top networks intransaction volume,” said Jameel Khalfan, Head of Ecosystem Development at SuiFoundation. “The addition of FDUSD, one of the industry’s leading stablecoins,will further accelerate this growth, unlocking new and impactful use cases forboth users and developers across the ecosystem.”

Sui’s (https://sui.io/) blockchain, designed forunprecedented scalability and composability, is an ideal platform forstablecoins like FDUSD, which 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, providingdevelopers with the tools to build powerful decentralized applications (dApps)that maximize efficiency.