$SUI Tokens Repurchased by Sui Foundation Using USDsui Yields

The Sui Foundation has taken advantage of yields from the USDsui stablecoin to purchase back a substantial amount of $SUI tokens.

According to KuCoin, as of August 14, the foundation repurchased approximately 415K $SUI tokens at an average rate of 7.6K per day.

The use of yields from USDsui has provided a means for the Sui Foundation to manage its token supply and potentially mitigate any potential risks associated with volatility in the market.