Sui Processed Over $1 Trillion in Stablecoin Volume Since August
Mysten Labs co-founder Adeniyi Abiodun said May 7 that Sui has processed more than $1 trillion in stablecoin volume since August 2025, positioning the network as a serious contender for mainstream payment infrastructure. The figure surpasses the annual payment volumes of several mid-sized fintech platforms.
Abiodun said the network is now targeting free and private payment rails as its next build priority.
The $1 Trillion Milestone
The Block reported Abiodun’s comments on May 7, citing an interview in which he framed the milestone as validation of Sui’s throughput architecture. The network processed that volume across roughly nine months.
Stablecoin transfers, which are cryptocurrency tokens designed to maintain a fixed value against a reference asset such as the U.S. dollar, have become the dominant use case on several Layer-1 blockchains as users seek low-cost dollar-denominated settlement.
Abiodun said the team intends to introduce zero-fee payment flows and privacy-preserving transaction options. He did not provide a specific timeline for those features.
Background
Mysten Labs launched Sui’s mainnet in May 2023 after a $300 million fundraising round that included investors such as Andreessen Horowitz and FTX Ventures.
The network uses an object-based data model and a parallel execution engine designed to handle high transaction throughput without congestion-related fee spikes. Sui (SUI) traded near $3.62 at the time of this report, giving the network a market capitalization above $11 billion. Rival Layer-1 networks including Solana and Aptos (APT) have also positioned stablecoin settlement as a core growth vector in 2025 and 2026.
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What Comes Next
Sui’s push toward free, private payments puts it in direct competition with payment-focused blockchain projects and fintech rails.
Zero-fee models typically rely on protocol-level fee absorption or token-subsidy mechanisms, which carry sustainability questions over time. Abiodun has not disclosed how Mysten Labs plans to fund the subsidy structure.
The network’s stablecoin volume growth will be a closely watched metric in Q2 2026 as the broader cryptocurrency industry seeks to demonstrate real-world utility beyond speculative trading.
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