Sui Network's USDsui Stablecoin Now Live on Kraken and Bullish
On October 5, 2026, the Sui Network announced that its native stablecoin, USDsui, is now available for trading on two major exchanges: Kraken and Bullish. The token, issued by Bridge (a Stripe company), is designed to track the value of the US dollar. Bullish confirmed two trading pairs: USDsui/USDC and BTC/USDsui, while Kraken's pair details were not specified in the announcement.
The listings come with some limitations. Bullish noted that trading is restricted to 'eligible regions,' meaning availability varies based on local regulations. Additionally, the project highlighted that stablecoin transfers on the Sui Network incur zero fees, positioning it as one of the most active stablecoin ecosystems with over $1 trillion in transfer volume. However, these figures were not independently verified.
As of October 6, 2026, USDsui was trading at approximately $1.19, down 3.2% over 24 hours, with a trading volume of $788.2 million. The token's market cap stood at $4.91 billion, while its fully diluted valuation was $11.93 billion. The price movement was not directly attributed to the new listings.
Experts caution that while the listings improve access to USDsui, they do not necessarily indicate demand. Key details such as reserve data, supply information, and trading volume trends remain unclear. Official updates from the project and exchanges will be crucial in understanding the token's future performance.