Sui Gas-Free Stablecoin Transfers Surpass $65B Since June 10

Sui processed over $65B in fee-free stablecoin transfers since June 10, with 2024 volume hitting $2.27T, as Hashi testnet enables BTC collateral.

Woofun AI reports that Sui has facilitated more than $65 billion in gas-free stablecoin transfers since the protocol-level fee elimination on June 10. Total stablecoin transaction volume on Sui reached $2.27 trillion from the start of 2024. Mysten Labs co-founder Evan Cheng projects Sui’s digital payment scale could match traditional banking networks within four years. The Hashi testnet launched on July 22, enabling Bitcoin to serve as DeFi loan collateral without synthetic wrapping, developed by Mysten Labs, Sui Foundation, and over 20 partners.