defia

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The company $SUI launched the suiUSDe currency, a stablecoin built on synthetic dollars, on its blockchain platform. suiUSDe will be supported by digital assets paired with short futures positions, instead of traditional fiat currency reserves. Sui, a first-layer blockchain platform focused on high-performance decentralized finance applications #DeFia , announced the anticipated launch of suiUSDe, a native synthetic dollar currency backed by digital assets, in partnership with Ethena, the issuer of USDe. The upcoming suiUSDe will function as a revenue-generating asset based on Sui, supported by Ethena's infrastructure. Its support mechanism combines digital assets and corresponding short futures positions to achieve returns without relying on traditional fiat currency reserves.
$USDE #ethena

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