We’re entering a new chapter in DeFi → Where native stablecoins must be yield-bearing
You may not realize it, but YBS has already generated over $1B in yield, with Ethena contributing more than 40% of that total
@ethena_labs is taking YBS to the next level by introducing Stablecoin-as-a-Service, a full-stack solution for chains and protocols to launch their own yield-bearing stablecoins.
$USDe and $USDtb are the core layer of SaaS → Now they are infrastructure
Ethena is the only issuer offering SaaS at $15B+ scale, powering stablecoins across both DeFi and CeFi.
@SuiNetwork is the next chain to go native with YBS through Ethena's SaaS after @megaeth_labs with 2 native stablecoins
suiUSDe: A Sui-native version of $USDe
USDi: Fully backed by $USDtb
Both will become key dollar assets in Sui's ecosystem → used for liquidity, collateral, payments, and yield.
Ethena will win
Introducing suiUSDe and USDi: two native dollar assets for the $30b+ @SuiNetwork built on our Stablecoin-as-a-Service stack.
These products will power DeFi and payments on Sui, while embedding Ethena directly within one of the fastest growing networks on earth.
Both suiUSDe & USDi will go live in Q4.
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