The Sui blockchain will soon host its first native stablecoins, following a three-way partnership between publicly-traded digital asset treasury firm SUI Group (SUIG), synthetic dollar protocol ENA $ 0.5788 and the Sui Foundation. The new tokens, USDi and suiUSDe, are expected to launch later this year, according to a press release. USDi will be backed 1:1 by BlackRock’s tokenized money market fund BUIDL issued with tokenization specialist Securitize. MegaETH, an Ethereum scaling network designed for fast transactions, also announced to launch a native stablecoin, partnering with Ethena. In August, the Sui network processed $229 billion in stablecoin transfer volume, outpacing its previous records, according to a Sui Foundation blog post.