SUI Group Partners with Ethena and the Sui Foundation to Launch suiUSDe and USDi, the First Native Sui Stablecoins

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2:00 PM on Wednesday, October 1

The Associated Press

WAYZATA, Minn.--(BUSINESS WIRE)--Oct 1, 2025--

SUI Group Holdings Limited (“SUI Group,” “SUIG” or the “Company”) (NASDAQ: SUIG), in partnership with Ethena, a DeFi synthetic dollar protocol, and the Sui Foundation, today announced the launch of suiUSDe, a Sui-native synthetic dollar token, and USDi, a stablecoin backed by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) tokenized money market fund.

Ethena is the protocol behind USDe, the third-largest and fastest-growing USD-denominated digital asset in history. The protocol has surpassed $14.8 billion in total value locked and supports one of the largest user bases of any DeFi protocol, with integrations across major centralized exchanges and leading DeFi applications.

The suiUSDe and USDi initiatives position SUI Group as the first publicly traded digital asset treasury (“DAT”) company to originate and launch stablecoin infrastructure, establishing a new model for integrating on-chain stablecoin issuance with public-market access. Key features of suiUSDe and USDi include:

Industry-First Collaboration: The first stablecoins launched from a collaboration between a publicly traded DAT, a blockchain foundation, and a leading stablecoin issuer.
Value Generation: A share of net revenue generated from reserves in suiUSDe and USDi, are intended to be used to increase SUI Group’s treasury holdings and strengthen the Company’s balance sheet—which should enhance long-term value creation for both SUIG shareholders and the broader Sui ecosystem.
Capital Efficiency: Launched at minimal cost to SUI Group and with limited ongoing expenses, these initiatives demonstrate the structural discipline behind SUI Group’s operating playbook which aims to build scalable, long-term businesses within the Sui ecosystem to drive cash flow and enhance shareholder returns.
First Non-Ethereum Virtual Machine (“EVM”) Native Stablecoins: Sui becomes the first non-EVM network to host a native, high-yield stablecoin, powered by Ethena’s infrastructure and bolstered by SUI Group’s treasury.
Optimized Performance: Aims to combine the relative stability of the U.S. dollar with Sui’s high-speed, composable Layer 1 infrastructure, which is expected to enable fast, low-cost transactions and seamless integration across the broader ecosystem.

“With the launch of suiUSDe and USDi, SUI Group is evolving beyond a traditional DAT company to become an infrastructure builder with a long-term vision of creating a next-generation ‘SUI Bank’, that functions as a central liquidity hub for the ecosystem,” said Marius Barnett, Chairman of SUI Group. “We believe this initiative will add another powerful mechanism to drive liquidity, utility, and long-term value across the Sui blockchain, while positioning SUIG as one of the first publicly traded gateways to the global stablecoin economy. By unlocking new revenue streams tied to stablecoin adoption and transaction flow, we are focused on delivering scalable economic value for our shareholders. We are excited to partner with Ethena and the Sui Foundation to deliver best-in-class DeFi infrastructure, and we look forward to further collaborations as we continue to expand the Sui ecosystem.”

The Company expects suiUSDe and USDi to go live before the end of 2025, and will position both stablecoins to drive broader adoption and real-world utility for on-chain financial products, expanding accessibility to U.S. users and beyond.

About SUI Group Holdings Limited

SUI Group is the only publicly traded company with an official Sui Foundation relationship, providing institutional-grade exposure to the SUI blockchain. Through its industry-first SUI treasury strategy, SUI Group is building a premier, foundation-backed digital asset treasury platform designed for scale, transparency and long-term value creation. SUI’s high-speed, horizontally scalable architecture positions it as one of the leading blockchains designed for mass adoption, powering next-generation applications in finance, gaming, AI and beyond. The Company plans to continue its specialty finance operations while executing its SUI treasury strategy. For more information, please visit www.SUIG.io.

Forward Looking Statements

This press release contains “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding expectations with respect to future performance and growth of the Company; the ability of the Company to execute its plans; the Company’s digital asset treasury strategy the Company’s stablecoin strategy; the digital assets to be held by the Company; and future performance. Forward looking statements are subject to numerous risks and uncertainties, many of which are beyond the Company’s control, and actual results may differ materially. Applicable risks and uncertainties include, among others, the risk that the transactions described herein may not be completed in a timely manner or at all; the Company’s ability to achieve profitable operations; fluctuations in the market price of Sui and SUIG that will impact the Company’s accounting and financial reporting; government regulation of cryptocurrencies; changes in securities laws or regulations; changes in business, market, financial, political and regulatory conditions; risks relating to the Company’s operations and business, including the highly volatile nature of the price of cryptocurrencies including stablecoins; the risk that the Company’s stock price may be highly correlated to the price of the digital assets that it holds; risks related to increased competition in the industries in which the Company does and will operate; risks relating to significant legal, commercial, regulatory and technical uncertainty regarding digital assets generally; risks relating to the treatment of crypto assets for U.S. and foreign tax purpose; expectations with respect to future performance, growth and anticipated acquisitions; potential litigation involving the Company; global economic conditions; geopolitical events and regulatory changes; access to additional financing, and the potential lack of such financing; and the Company’s ability to raise funding in the future and the terms of such funding, including dilution caused thereby, as well as those risks and uncertainties identified and those identified under the heading “Risk Factors” in the Company’s Registration Statement on Form S-1 dated September 8, 2025, as well as the supplemental risk factors and other information the Company has or may file with the SEC. Readers are cautioned not to place undue reliance on these statements. Investors should also be aware that under U.S. generally accepted accounting principles (GAAP), certain crypto assets must be measured at fair value, with changes recognized in net income for each reporting period. These fair value adjustments may cause significant fluctuations in the Company’s balance sheet and income statement from period to period. In addition, for certain crypto assets, impairment charges may be required to be reported in net income if the market price of such assets falls below the cost basis at which those assets are carried on the balance sheet. Readers are encouraged to read the Company’s filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update any forward-looking statements except as required by law. The Company’s business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.

View source version on businesswire.com:https://www.businesswire.com/news/home/20251001465102/en/

CONTACT: Media Contact

Gasthalter & Co.

[email protected]

Investor Relations Contact

Sean Mansouri, CFA or Aaron D’Souza

Elevate IR

(720) 330-2829

[email protected]

KEYWORD: MINNESOTA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES TECHNOLOGY BLOCKCHAIN CRYPTOCURRENCY FINTECH DIGITAL CASH MANAGEMENT/DIGITAL ASSETS

SOURCE: SUI Group Holdings Limited