Sui’s stablecoin supply is currently about $478 million, down roughly 69% from its $1.6 billion peak in May 2025, and it has stayed near that level for several months. The update follows a protocol-level change introduced by Mysten Labs in May. Mysten Labs, the company responsible for Sui’s core development, cut stablecoin transfer fees to zero and removed the requirement for users to hold the network’s native SUI token when making transfers.
The feature supports seven stablecoins: USDC, USDsui, SuiUSDe, AUSD, FDUSD, USDB, and USDY. Since June 10, the Sui network has processed more than $65 billion in zero-fee stablecoin transfers. Since the start of 2024, cumulative stablecoin trading volume on Sui has exceeded $2.27 trillion, with total transaction count reaching 16 billion, according to Bitcoin.com News. The figures highlight continued stablecoin activity on the network even as total supply remains well below its earlier peak.
Sui’s stablecoin supply currently stands at about $478 million, down roughly 69% from the network’s $1.6 billion peak in May 2025. The figure has remained around that level for several months.
Protocol change removed fees and SUI holding requirement
In May, Mysten Labs, the company behind Sui’s core development, introduced a protocol-level adjustment that reduced stablecoin transfer fees to zero. The change also removed the requirement for users to hold the native SUI token in order to make transfers.
The feature supports seven stablecoins: USDC, USDsui, SuiUSDe, AUSD, FDUSD, USDB, and USDY.
Transfer volume exceeds $65 billion
According to Bitcoin.com News, the Sui network has processed more than $65 billion in zero-fee stablecoin transfers since June 10. Since the beginning of 2024, cumulative stablecoin transaction volume on the network has topped $2.27 trillion, while the number of transactions has reached 16 billion.
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