Sui launches gas-free stablecoin transfer feature

CoinFeed reported on May 21 that Sui has announced the launch of a gas-free stablecoin transfer feature. Users and businesses can now conduct peer-to-peer stablecoin transfers without paying gas fees or holding SUI tokens, reducing transfer fees to zero. This feature, powered by Fireblocks, is being rolled out gradually on the Sui mainnet. This upgrade supports multiple stablecoins including USDsui, SuiUSDe, AUSD, FDUSD, USDB, USDC, and USDY. The feature is based on Sui's newly launched Address Balances system, which simplifies on-chain fund storage and transfer processes while maintaining high performance and scalability.