USDsui is available for trading!
By KrakenFX
AI summary of the source article
Kraken has announced that funding and trading for Sui Dollar (USDsui) went live on October 5, 2026. USDsui is a US dollar stablecoin issued via the Open Issuance platform by Bridge, a Stripe company that mints, redeems, and manages the asset's reserves. The stablecoin is backed 1:1 by cash deposits and short-term US Treasuries, and it launched on the Sui network in March 2026. Designed for payments, transfers, and DeFi, USDsui features gasless transactions on Sui, with app trading rolling out as liquidity builds.
Why it matters
The listing brings a Stripe-backed stablecoin with gasless transaction capabilities on the Sui network to Kraken's trading platform.
Key facts
- Funding and trading for USDsui went live on Kraken on October 5, 2026.
- USDsui is issued by Bridge, a Stripe company, and is backed 1:1 by short-term US Treasuries and cash deposits.
- Stablecoin transfers on the Sui network are gasless, allowing users to send USDsui without holding SUI for network fees.