Recently, there has been a big news in the cryptocurrency industry - Sui, SUIG, and Ethena, three giants, have teamed up to launch their own stablecoin suiUSDe on the Sui chain. This is definitely not easy, as it is the tacit cooperation of the three parties behind it First, let's talk about SUIG, a Nasdaq listed company that holds a lot of SUI tokens in its hands. Cooperation is like adding a layer of protection to its own stocks - the stablecoin market is now in high demand, with a market value exceeding 100 billion yuan, while Ethena, as a stabilizer The veteran driver of the cryptocurrency industry (USDe market value is already 14 billion) brings his own technical team to protect suiUSDe. As for Sui himself, as the fastest public chain in the non EVM camp, he needs this highly popular financial product to enrich the ecosystem. As the saying goes, whoever has stable coins wins the world These three companies working together are a bit like teaming up to fight monsters - SUIG provides funding and user base, Ethena outputs technical experience, and Sui contributes ultra-high performance on chain environment. In other words, suiUSDe was born with a golden key, backed by traditional financial institutions, and can enjoy the liquidity advantage brought by Sui's instant confirmation speed However, the most wonderful thing is that the money earned by suiUSDe is not directly carried in one's pocket, but used to repurchase SUI tokens, forming a positive feedback loop: the more people use stablecoins → the higher the reserve income → buying back more SUI → pushing up token prices → attracting more people to use stablecoins Is this technique very familiar? That's right, it's similar to Apple using profits to repurchase their own stocks, but Apple repurchases stocks, while SUIG repurchases SUI. However, both are essentially using business profits to back up core assets If this trend continues, perhaps we will see more on chain apples emerge in the future. After all, when the virtual economy begins to operate according to the capital of the real world, it is not far from truly integrating into the mainstream financial system @SuiNetwork @SuiNetworkCN @ethena_labs