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SUI Group cooperates with Ethena to launch two stablecoins.
[SUI Group and Ethena Collaborate to Launch Two Stablecoins] According to The Information's crypto reporter Yueqi Yang, NASDAQ-listed crypto treasury company SUI Group is issuing two stablecoins, becoming the first digital asset tool company to launch stablecoins. The company is collaborating with Ethena for the issuance, aiming to drop the Sui ecosystem's reliance on Circle's USDC.