SUI is a public chain with a relatively high allocation ratio in our asset allocation. With the stablecoin bill and the listing of Circle, payment and RWA will become the core directions of focus in the future, and SUI will also be the biggest beneficiary among them. As the fastest-growing new payment battlefield, SUI is closely related to the team background and technological research direction of their predecessor. We know that SUI is a public chain developed by the Mysten Labs team, whose core members were the backbone of the Facebook Libra/Diem project. After leaving Meta, they rebuilt Diem's core concepts of high speed, security, and global payment services in Web3. So the core moat of SUI is not only high-performance, but also a comprehensive layout of 'on chain payment scenarios'. You will find that many public chains are still rolling around in the DeFi ecosystem, but SUI's core strategy is not "DeFi internal rolling", but starting anew - creating a truly realistic payment scenario closed loop. 🎯 SUI's core moat: ✅ Good technical experience: Quick (sub second confirmation) • Cheap (with extremely low transaction fees) • Can be integrated (seamlessly integrated with Web2 App) • High transfer frequency (SUI's stablecoin transfer volume exceeds the sum of Arbitrarum, Avalanche, and TON, as shown in Figure 2) ✅ Strong cooperation implementation: Collaborate with xMoney and xPortal to launch an encrypted version of Mastercard Can be added to Apple Pay/Google Pay • Support offline card swiping for 20000 merchants in Europe Users can directly consume with cryptocurrency ✅ New gameplay launched: Sui is testing the waters and launching Game Dollar (in-game stablecoin) In the future, we can enter high-frequency scenarios such as social payments, tipping, in-game purchases, and metaverse settlements 📝 As a steady player, SUI's stablecoin ecosystem+Circle investment will achieve flywheel drive SUI is not fighting alone, it has the backing of the big spender Circle: ✅ Circle is an investor in SUI, and the cryptocurrency asset with the highest holdings is SUI ($9.48 million) Circle is the issuer of USDC, and its deep binding with SUI has enabled SUI to take off in stablecoin issuance. In the composition of SUI stablecoins, USDC accounts for as much as 75%, which fully demonstrates the close relationship between Circle and SUI. Support will definitely be prioritized in the future. ✅ SUI stablecoins have grown rapidly: from $5 million to $1.1 billion. At the beginning of 2024, the market value of stablecoins on the SUI chain was only a meager $5 million. By June 2025, in just over a year, it had skyrocketed to $1.1 billion, an increase of over 220 times, making it the fastest-growing among the new generation of public chains (such as 👇 Image). ✅ SUI ETF is applying for listing The SEC has officially accepted the application for listing the SUI ETF on NASDAQ 21Shares. Once approved, it will bring a large influx of compliance funds, enhance liquidity and mainstream recognition. Overall, you will find that SUI's strategic layout and ideas are very clear. It aims to create a composite platform consisting of a stablecoin network, Web3 payment layer, and high-frequency application ecosystem. It does not roll DeFi or pledge nesting dolls, but firmly and accurately cultivates the major transformation of "USD stablecoin payments". If Web3 is really going to enter daily life, projects like SUI may be the key to unlocking the floodgates and opening up a new world, so it is important to keep an eye on them. 🧐