coin-img-ETHETH+0.17%coin-img-BTCBTC+0.31%coin-img-SOLSOL+0.06%coin-img-USDCUSDC+0.01%coin-img-XRPXRP-0.60%coin-img-TRXTRX+0.15%coin-img-GRAMTONGRAMTON-1.55%coin-img-BNBBNB+0.30%coin-img-ETHETH+0.17%coin-img-BTCBTC+0.31%coin-img-SOLSOL+0.06%coin-img-USDCUSDC+0.01%coin-img-XRPXRP-0.60%coin-img-TRXTRX+0.15%coin-img-GRAMTONGRAMTON-1.55%coin-img-BNBBNB+0.30%coin-img-ETHETH+0.17%coin-img-BTCBTC+0.31%coin-img-SOLSOL+0.06%coin-img-USDCUSDC+0.01%coin-img-XRPXRP-0.60%coin-img-TRXTRX+0.15%coin-img-GRAMTONGRAMTON-1.55%coin-img-BNBBNB+0.30%coin-img-ETHETH+0.17%coin-img-BTCBTC+0.31%coin-img-SOLSOL+0.06%coin-img-USDCUSDC+0.01%coin-img-XRPXRP-0.60%coin-img-TRXTRX+0.15%coin-img-GRAMTONGRAMTON-1.55%coin-img-BNBBNB+0.30%

Sui tops $65B in gas-free stablecoin transfers since June 10

Mysten Labs co-founder Evan Cheng said Sui could, within the next four years, handle digital payment volumes comparable to the combined scale of traditional internet card networks and bank payment rails, according to Odaily Planet Daily. Mysten Labs, founded in 2021 by former Meta engineers from the discontinued Diem project and the Move programming language team, is positioning Sui as settlement infrastructure for stablecoins, remittances, and AI agent-driven commerce. After Mysten Labs removed gas fees for stablecoin transfers at the protocol level on June 10, Sui has processed more than $65 billion in stablecoin transfers. Since the start of 2024, Sui's cumulative stablecoin transaction volume has reached $2.27 trillion. Sui's Hashi testnet went live on July 22, allowing Bitcoin to be used as collateral for DeFi loans on Sui without being wrapped into synthetic tokens. The bridge was built jointly by Mysten Labs, the Sui Foundation, and more than 20 participating institutions.
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