➤ Mass Adoption of Stablecoins Will Sui have a chance to overtake in a corner on stablecoins?
In the future, with the large-scale adoption of stablecoins, more Internet users will enter the world of Web3, and the current Web3 users are only about 10% of Internet users, and there is still a lot of growth potential.
Since 2024, the market value of the Sui stablecoin on the chain has achieved explosive growth, increasing by nearly 200 times in one year, of which the compliant stablecoin USDC is the main driver of growth, accounting for 75% of the dominant position in the Sui stablecoin ecosystem.
Why is there a reason to overtake in a corner?
1. The Sui project was formerly known as the Facebook stablecoin team
The core members of the Sui team are from the Facebook (Meta)Diem/Libra stablecoin project. Translate the technical advantages of Facebook technology, such as smart contract language (Move) and high-performance parallel processing, into Sui's underlying architecture. At that time, the stablecoin project of Diem/Libra had been developed, but due to the regulatory halt, with the listing of Circle, the regulation of the crypto industry has been relaxed, which gives Sui a unique advantage in terms of global compliance funds, institutional cooperation, and stablecoin expansion
3. Technical advantages for stable coin circulation
Advantages of the MOVE language in terms of security: Designed for digital asset management, with a resource-oriented programming model High throughput of parallel transaction processing: VISA, MasterCard have more than 5,000 transactions per second, and Sui can process 100,000 transactions per second
zklogin connects Web2 users: Doesn't need to create a wallet, allowing users to log in through social methods like Google, Facebook, and more
Extremely low and stable transaction fees: Gas fees remain stable during peak periods due to the high-throughput architecture
4. Sui's stablecoin has the fastest growth with a market capitalisation of $1.1 billion
At the beginning of 2024, the market capitalisation of stablecoins on Sui was only $5 million, an increase of more than 200 times in just over a year. At present, the market value of the stablecoin is $1.1 billion, with a two-month growth rate of 82%, and a total lock-up value of $1.75 billion, which has developed rapidly since February 2025, mainly driven by USDC, accounting for as much as 75%, and USDT has not yet been natively issued on the Sui chain. Other native stablecoins include mainstream stablecoins such as AUSD, FDUSD, and USDY.
5. Comparison of Sui and SOL stablecoin data
Comparison of the total market capitalisation of stablecoins: Sui $1.1 billion, SOL $11.2 billion
Total native token market capitalisation: Sui $12.3 billion, SOL $92 billion
Total lock-up value: $2.3 billion for Sui, $10 billion for SOL
Sui has just surpassed Solana in stablecoin transfer data, but the difference in stablecoin issuance between the two is nearly 10 times, indicating that stablecoins are more active on Sui, and as the issuance size grows, there will be greater mass adoption.
Comparison of trading performance
Sui pays for the opportunity to overtake on the corner
Sui's opportunity lies in using its unique advantages to open up new battlefields, rather than competing homogeneously in the stock market, and its growth rate is fast, but it is still 10 times the difference.
In terms of payment experience, it is extremely advantageous in terms of user experience with high concurrency, sub-second confirmation, and seamless access to Web2 social networks.
With the deregulation of Circle's listing more room for development, the SEC has officially accepted the application for listing SUI ETF on Nasdaq 21Shares. Circle spends close to $1 billion on marketing on Coinbase and Binance, and in addition to continuing to expand on exchanges, it can also choose to grow on public chains, where $100 million in marketing expenses can bring billions of dollars in scale growth.
For example, Sui has cooperated with xMoney and xPortal to launch MasterCard, a new stablecoin for the in-game ecosystem, Game Dollar, etc., to solve the financial friction of traditional payment (such as regional restrictions and high fees), and use blockchain technology to achieve borderless payment and better experience.
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