- Nasdaq-listed Sui Group has revealed that its priority in 2026 is to accumulate assets. $SUI Build a platform that generates returns for shareholders.
- The company plans to launch a new stablecoin, SuiUSDE, with 90% of the fees going towards token buybacks and DeFi projects.
Sui Group, a listed company focused on Sui Network, has announced a new strategy for 2026 that focuses on accelerating Sui Network’s growth and deflating its native token.
The Nasdaq-listed company plans to launch SuiUSDE next month, Chief Investment Officer Stephen McIntosh told a news outlet. Profitable stablecoins are central to the company’s long-term strategy, with 90% of the fees it generates going to DeFi projects built on the Sui network, or to buybacks. $SUI token.
The new stablecoin is a white-label solution built on Ethena’s technology. As such, its core infrastructure is similar to Ethena’s native stablecoin, but it is not deployed on Ethereum. This comes three months after the Sui Foundation launched another native stablecoin, USDsui, as we reported.
According to McIntosh, the target audience is investors hungry for yield in DeFi, who have seen Ethena’s returns skyrocket. $USDe Grow stablecoins into a huge market. Although only one year has passed since its launch, $USDe It is currently worth $6.5 billion and has made more than $300 million in profits since the beginning of the year. Sui Group believes it can attract a significant portion of the DeFi market on Ethereum and is already in talks with Pendle, a leading DeFi protocol that was first introduced on Ethereum and is now available on over six chains.
He said:
Wall Street understands stablecoins much better than altcoins. This is an opportunity to earn a premium for public equity.
McIntosh revealed that SuiUSDE’s first markets will be DeepBook, Navi, and BlueFin. Deepbook is Sui’s liquidity layer built by Mysten Labs, and BlueFin is a Sui-based derivatives exchange. Navi is a money market that enables lending and borrowing built natively for the Sui ecosystem.
BlueFin and Sui Group have a revenue sharing agreement in which they receive a portion of the fees generated by the perpetual futures exchange. He said:
Criminals are the killer use case in cryptocurrencies. We left the company we bought and invested in. $SUI Own a stablecoin and operate a business that earns revenue from PERPS DEX.
Sui Group is committed to growing the Sui ecosystem
Sui Group was previously known as Mill City Ventures and was listed on Nasdaq as a specialty finance company. Then, in August last year, we changed our company name to focus solely on the Sui network. At launch, it held over 76 million yen in assets. $SUI Most of the tokens were obtained from the Sui Foundation.
It currently holds over 108 million tokens, valued at over $160 million, representing just over 3% of the circulating supply.
Macintosh acknowledges that the Sui Group’s performance is closely related to the token’s performance due to its focus on the Sui network. He said:
Our performance always correlates with price. $SUI. The goal is to become the most innovative DAT on the market by integrating directly into the Sui ecosystem.
Therefore, the company will spare no effort to move the network forward. Macintosh says: $SUI‘s deflationary tokenomics and high yield give the company a “very attractive long-term setup.” He added that Sui has an advantage over Ethereum and Solana because its supply is limited to 10 billion tokens and is structurally deflationary due to its fee-burning mechanism.
meanwhile, $SUI will be traded at $1.43down slightly over the past day, with a market cap of $5.43 billion.
