Sui Dollar (USDsui), the native stablecoin of the Sui blockchain, launched today. Issued by Bridge, a stablecoin company acquired by payment giant Stripe last year, the yield generated by its underlying assets will be returned to the Sui ecosystem. Adeniyi Abiodun, co-founder of Mysten Labs, stated that the yield generated from bonds and liquid assets backing USDsui will be used to buy back and burn SUI tokens, or deployed to decentralized finance (DeFi) protocols and automated market makers to incentivize trading. This contrasts with the model of mainstream stablecoin issuers like Tether and Circle, which retain all yield. (CoinDesk)