➤ 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. Advantages of Stablecoin Circulation Technology
Advantages of MOVE language in security: Designed specifically for digital asset management, it features a resource-oriented programming model. High throughput for parallel transaction processing: VISA and MasterCard handle over 5,000 transactions per second, while Sui can process 100,000 transactions per second.
zklogin connects Web2 users: No need to create a wallet, allowing users to log in through social methods like Google and Facebook.
Extremely low and stable transaction fees: Due to the high throughput architecture, Gas fees remain stable even during peak times.
4. Sui's stablecoin market cap is $1.1 billion, the fastest growing
At the beginning of 2024, the stablecoin market cap on Sui was only $5 million, growing more than 200 times in just over a year. Currently, the stablecoin market cap is $1.1 billion, with a growth rate of 82% over the past two months, and a total locked value of $1.75 billion. Since February 2025, it has developed rapidly, mainly driven by USDC, which accounts for as much as 75%. Currently, 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
Total Market Cap Comparison of Stablecoins: Sui $1.1 billion, SOL $11.2 billion
Native Token Total Market Cap: Sui $12.3 billion, SOL $92 billion
Total Locked Value: Sui $2.3 billion, SOL $10 billion
Sui has just surpassed Solana in stablecoin transfer data, but the issuance of stablecoins between the two differs by nearly 10 times, indicating that stablecoins are more active on Sui. With the growth of issuance scale, there will be larger-scale adoption.
Comparison of Transaction Performance
Sui's opportunity to overtake in payments
Sui's chance lies in leveraging its unique advantages to carve out new battlegrounds, rather than engaging in homogeneous competition in the existing market. Its growth rate is rapid, but there is still a 10-fold gap in scale.
In terms of payment experience, it has a significant advantage with high concurrency, sub-second confirmations, and seamless integration with Web2 social networks, enhancing user experience.
With the relaxation of regulations following Circle's IPO, there is more room for development. The SEC has officially accepted the application for the listing of the SUI ETF by Nasdaq 21Shares. Circle has spent nearly $1 billion on marketing on Coinbase and Binance. In addition to continuing to expand its scale on exchanges, it can also choose to invest in public chains, where $100 million in marketing expenses can lead to tens of billions in scale growth.
More high-frequency application scenarios include Sui's collaboration with xMoney and xPortal to launch a Mastercard, targeting a new type of stablecoin, Game Dollar, for the in-game ecosystem, etc., addressing the financial friction present in traditional payments (such as regional restrictions and high fees) and achieving borderless payments and a better experience through blockchain technology.
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