Sui stablecoins reach about $500 million by late January 2026 as treasuries go active

By late January 2026, Sui’s stablecoin market cap was about $500 million with USDC above 70%, while on-chain data showed treasury-linked wallets concentrated around 108 million SUI. As of late January 2026, circulating supply was roughly 3.79 billion SUI, or 38% of the 10 billion max, as yields across DeFi ranged from single digits to 50%+.