Fireblocks Partners with Sui to Introduce Fee-Free Transactions for Stablecoins
Sui launched gasless stablecoin transfers on its mainnet on 20 May 2026. The feature operates at the protocol level through Address Balances, a new account system rolling out to Sui validators. Users and businesses can send supported stablecoins without holding SUI tokens to pay gas fees. Sui deployed the feature as a permanent infrastructure capability rather than a temporary subsidy. The design targets global payment workflows where managing a separate gas token adds friction.
"Stablecoins are becoming a core part of global finance, but the infrastructure around them still creates unnecessary complexity.", 20 May 2026.
— Adeniyi Abiodun, Co-Founder and Chief Product Officer, Mysten Labs
Fireblocks integrates ahead of institutional rolloutFireblocks secured integration access ahead of the public rollout. The platform secures over $14 trillion in digital assets and serves thousands of clients, including Worldpay, BNY, Galaxy, and Revolut, across more than 150 blockchains. The integration gives enterprise clients direct access to Sui's stablecoin rails through established custody infrastructure.
Seven stablecoins now transfer gasless on Sui networkThe feature supports seven stablecoins: USDsui, suiUSDe, AUSD, FDUSD, USDB, USDC, and USDY. USDC accounts for 68% of Sui's total stablecoin supply, according to network data reported in May 2026. Through 22 May 2026, Sui's USDC market expanded approximately 9%. The expansion added around $50 million in net inflows. Sui's stablecoin network crossed $1 trillion in cumulative transfer volume in March 2026, roughly seven months after tracking began in August 2025.
Sui out-transacts Ethereum from April through May 2026Sui processed approximately 215 million transactions between 1 April and 22 May 2026, according to AMBCrypto. Ethereum's base layer recorded approximately 117 million transactions over the same period. Ethereum processed 200.4 million transactions in the full first quarter of 2026, according to Artemis data cited by CoinDesk. Transaction counting methodologies differ between the two networks, and the figures are not directly comparable.
"The future of payments will run on stablecoin rails, but the experience for institutions still needs to catch up.", 20 May 2026.
— Ran Goldi, Senior Vice President of Payments and Network, Fireblocks "Stablecoins are becoming a core part of global finance, but the infrastructure around them still creates unnecessary complexity.", 20 May 2026.
— Adeniyi Abiodun, Co-Founder and Chief Product Officer, Mysten Labs
Fireblocks integrates ahead of institutional rolloutFireblocks secured integration access ahead of the public rollout. The platform secures over $14 trillion in digital assets and serves thousands of clients, including Worldpay, BNY, Galaxy, and Revolut, across more than 150 blockchains. The integration gives enterprise clients direct access to Sui's stablecoin rails through established custody infrastructure.
Seven stablecoins now transfer gasless on Sui networkThe feature supports seven stablecoins: USDsui, suiUSDe, AUSD, FDUSD, USDB, USDC, and USDY. USDC accounts for 68% of Sui's total stablecoin supply, according to network data reported in May 2026. Through 22 May 2026, Sui's USDC market expanded approximately 9%. The expansion added around $50 million in net inflows. Sui's stablecoin network crossed $1 trillion in cumulative transfer volume in March 2026, roughly seven months after tracking began in August 2025.
Sui out-transacts Ethereum from April through May 2026Sui processed approximately 215 million transactions between 1 April and 22 May 2026, according to AMBCrypto. Ethereum's base layer recorded approximately 117 million transactions over the same period. Ethereum processed 200.4 million transactions in the full first quarter of 2026, according to Artemis data cited by CoinDesk. Transaction counting methodologies differ between the two networks, and the figures are not directly comparable.
"The future of payments will run on stablecoin rails, but the experience for institutions still needs to catch up.", 20 May 2026.
— Ran Goldi, Senior Vice President of Payments and Network, Fireblocks Fireblocks integrates ahead of institutional rolloutFireblocks secured integration access ahead of the public rollout. The platform secures over $14 trillion in digital assets and serves thousands of clients, including Worldpay, BNY, Galaxy, and Revolut, across more than 150 blockchains. The integration gives enterprise clients direct access to Sui's stablecoin rails through established custody infrastructure.
Seven stablecoins now transfer gasless on Sui networkThe feature supports seven stablecoins: USDsui, suiUSDe, AUSD, FDUSD, USDB, USDC, and USDY. USDC accounts for 68% of Sui's total stablecoin supply, according to network data reported in May 2026. Through 22 May 2026, Sui's USDC market expanded approximately 9%. The expansion added around $50 million in net inflows. Sui's stablecoin network crossed $1 trillion in cumulative transfer volume in March 2026, roughly seven months after tracking began in August 2025.
Sui out-transacts Ethereum from April through May 2026Sui processed approximately 215 million transactions between 1 April and 22 May 2026, according to AMBCrypto. Ethereum's base layer recorded approximately 117 million transactions over the same period. Ethereum processed 200.4 million transactions in the full first quarter of 2026, according to Artemis data cited by CoinDesk. Transaction counting methodologies differ between the two networks, and the figures are not directly comparable.
"The future of payments will run on stablecoin rails, but the experience for institutions still needs to catch up.", 20 May 2026.
— Ran Goldi, Senior Vice President of Payments and Network, Fireblocks Fireblocks secured integration access ahead of the public rollout. The platform secures over $14 trillion in digital assets and serves thousands of clients, including Worldpay, BNY, Galaxy, and Revolut, across more than 150 blockchains. The integration gives enterprise clients direct access to Sui's stablecoin rails through established custody infrastructure.
Seven stablecoins now transfer gasless on Sui networkThe feature supports seven stablecoins: USDsui, suiUSDe, AUSD, FDUSD, USDB, USDC, and USDY. USDC accounts for 68% of Sui's total stablecoin supply, according to network data reported in May 2026. Through 22 May 2026, Sui's USDC market expanded approximately 9%. The expansion added around $50 million in net inflows. Sui's stablecoin network crossed $1 trillion in cumulative transfer volume in March 2026, roughly seven months after tracking began in August 2025.
Sui out-transacts Ethereum from April through May 2026Sui processed approximately 215 million transactions between 1 April and 22 May 2026, according to AMBCrypto. Ethereum's base layer recorded approximately 117 million transactions over the same period. Ethereum processed 200.4 million transactions in the full first quarter of 2026, according to Artemis data cited by CoinDesk. Transaction counting methodologies differ between the two networks, and the figures are not directly comparable.
"The future of payments will run on stablecoin rails, but the experience for institutions still needs to catch up.", 20 May 2026.
— Ran Goldi, Senior Vice President of Payments and Network, Fireblocks The feature supports seven stablecoins: USDsui, suiUSDe, AUSD, FDUSD, USDB, USDC, and USDY. USDC accounts for 68% of Sui's total stablecoin supply, according to network data reported in May 2026. Through 22 May 2026, Sui's USDC market expanded approximately 9%. The expansion added around $50 million in net inflows. Sui's stablecoin network crossed $1 trillion in cumulative transfer volume in March 2026, roughly seven months after tracking began in August 2025.
Sui out-transacts Ethereum from April through May 2026Sui processed approximately 215 million transactions between 1 April and 22 May 2026, according to AMBCrypto. Ethereum's base layer recorded approximately 117 million transactions over the same period. Ethereum processed 200.4 million transactions in the full first quarter of 2026, according to Artemis data cited by CoinDesk. Transaction counting methodologies differ between the two networks, and the figures are not directly comparable.
"The future of payments will run on stablecoin rails, but the experience for institutions still needs to catch up.", 20 May 2026.
— Ran Goldi, Senior Vice President of Payments and Network, Fireblocks Sui processed approximately 215 million transactions between 1 April and 22 May 2026, according to AMBCrypto. Ethereum's base layer recorded approximately 117 million transactions over the same period. Ethereum processed 200.4 million transactions in the full first quarter of 2026, according to Artemis data cited by CoinDesk. Transaction counting methodologies differ between the two networks, and the figures are not directly comparable.
"The future of payments will run on stablecoin rails, but the experience for institutions still needs to catch up.", 20 May 2026.
— Ran Goldi, Senior Vice President of Payments and Network, Fireblocks "The future of payments will run on stablecoin rails, but the experience for institutions still needs to catch up.", 20 May 2026.
— Ran Goldi, Senior Vice President of Payments and Network, Fireblocks Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment. All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions. Coinpaprika is not liable for any losses resulting from the use of this information.