Bullish launches USDsui and reserves profits for repurchasing SUI

The Bullish exchange has launched the Sui native stablecoin USDsui, which is open for trading in eligible regions. The USDsui is issued by Bridge. The reserve assets include US treasury bond bonds, repurchase agreements, money market funds and cash. The reserve income is used to repurchase SUI tokens and ecological incentives. The circulation of USDsui is about 78.5 million pieces, maintaining a $1 anchor. (Source: CryptoBriefing)