FDUSD has quickly become the fourth-largest stablecoin since its launch last year under Hong Kong’s digital asset regulations, benefitting from crypto exchange giant Binance’s trading promotion.
The Sui blockchain reached a peak of 6,000 TPS in December as it produced 13.8 million blocks in one day.
Developers on Sui are building products that people are using to address real-world challenges, according to Greg Siourounis, Sui’s managing director.
The token fell as much as 9% on Tuesday after a report questioned if SUI supply is being manipulated through staking.