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USDsui

USDSUI#347 by market cap

Not covered. The criterion it missed: documentation found but no public code repository listed.

USDsui is for a stable digital dollar. We have not written its record yet, so its promises are not checked. It trades at $1.00, #339 of all coins by size, 2% below its highest ever price.

This week Nothing changed on its record.

No stated job or named backing. No dated promises on its pages. Nothing dated ahead. #20 of 84 fiat-backed stablecoins. Nothing to be careful of on the record.

Is it real?

0 of 4tests passeda real job, real backing, something ahead, room to grow
nonenamed backersno investor or index on file
5 monthson the marketsince 20 April 2026
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0 of 4

  • A real-world jobDoes it say what problem it solves, in a category that is not a joke?
  • Real backingA named investor, an index, a major exchange, or a billion-dollar size.
  • Something aheadA dated step, deliveries on record, or demand showing up in the news.
  • Room to growWorth at least four times less than the biggest coin doing the same job, so the gap is real, not a guess.

No named backer

  • Origin20 April 2026about about 5 monthssui.io
  • DevelopersNot namedNeither Wikidata nor its listing names the foundersNo public code repository listed
  • BackingNo named investorNot on a big exchange we track
  • Standing on the recordNo recordNo dated promise to judge yet1 headline last monthNo corrections needed so far
The gap, and what to do

It is already worth more than the typical coin in Fiat-backed Stablecoin ($12.75M). To match the leader, Ethena USDe ($4.68B), its price would need to rise 6209%, to about $63.09.

Still to check

  • No dated promise on record yet, so delivery cannot be judged
  • Listed on fewer than two big exchanges
  • No named investor among its tags
  • Only 1 headline named it last month

What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.

A gap is not a forecast. Most small coins never close it. The site never picks.

Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.

Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.

Does it deliver?

No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.

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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it

What is next, and when?

Nothing dated has been found on its pages, so there is no date to wait for yet.

How big is it next to its rivals?

#20of 84 fiat-backed stablecoinsthe typical one is worth $12.75M
$74.12Mworth todayprice × coins out
$12.75Mthe typical rival is worthFiat-backed Stablecoin
$4.68Bthe leader is worthEthena USDe
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world

A stable digital dollar

194 coins tagged Stablecoins, worth $309.33B together. #49 of 194 by worth.

Fiat-backed Stablecoin: this coin against its direct competitors

  • CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
  • USDsui$74.12Mthis coin+0.1%no maxno record
  • Ethena USDe$4.68B63.1× bigger, +$4.6B+0.0%, gap −0.1no maxno record
  • Dai$4.59B61.9× bigger, +$4.51B−0.0%, gap −0.1no maxnone dated
  • Global Dollar$3.32B44.7× bigger, +$3.24B+0.0%, gap −0.0no maxnone dated
  • PayPal USD$2.87B38.8× bigger, +$2.8B+0.0%, gap −0.0no maxno record
  • Ripple USD$2.37B32.0× bigger, +$2.3B+0.0%, gap −0.0no maxno record
  • GHO$698.14M9.4× bigger, +$624.02M+0.0%, gap −0.0no maxnone dated
  • Usual USD$547.04M7.4× bigger, +$472.92M−0.0%, gap −0.1no maxno record
Same job, different how

Fiat-backed Stablecoin: this coin next to Ethena USDe, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.

USDsui says
.
Ethena USDe says
Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate.

Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.

What it is

No description on file.

Problem it says it solves: a stable digital dollar. 194 coins are working on it and together they are worth $309,327,253,815. This coin is 0% of that.

Where it trades: Bluefin, Cetus, Turbos Finance, Ferra

Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.

Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.

What should make me careful?

Nothing printed today

None of the six tests fails. A missed promise counts only on a record a person has checked.

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Why is it this small?

Fiat-backed Stablecoin: this coin next to the group's largest, Ethena USDe.

USDsuiEthena USDe
Years trading4 months2 years
Major exchanges05
Named backers00
Headlines, last month132
Promises deliveredno recordno record

It is 1.6% the size of Ethena USDe. On the facts above it is behind on years trading, major exchanges, headlines, last month. For that gap to close, the record would need deliveries showing up in its record, news that names it, listings on major exchanges. Nothing here says it will; the site does not predict.

The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.

The homework: the coin itself, the news, the record

The coin itself

$1.00price of one+0.1% today
2%below its highest ever$1 on 20 April 2026
100%of the supply is out74.11M coins
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The last 7 days

7 days ago: $0.9997now: $1.00 (+0.1%)

Where today sits against its highest ever price

$1.00

Highest ever: $1.02 on 20 April 2026. Today is 98% of that.

100%

of all USDSUI that will ever exist is already out in public hands: 74.11M coins.

Nothing is held back. Every coin is already out.

out held back. Each dot is 1%.

Meant to stay at one dollar

Holding it is holding a copy of a dollar. It is not built to rise.

  • Nothing the project's own pages spell out.
$1.00price of one
×
74.11Mcoins out
=
$74.12Mworth today, #339 of all coins

That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.

Basics
  • 74.11Min circulation of 74.11M total. No hard maximum is set, so more can be created.
  • 98%of its all-time high of $1.02 on 20 April 2026. That is −2.0% from the top.
  • #339by market cap, $74,120,848.
  • Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.

Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.

What the news says

1headlines, last monththat name this coin
0about governmentregulation, courts, central banks
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Headlines per day, last 30 days

1 headline named this coin in the last month.

What they were about

  • Stablecoin1
In the news
What people are talking about, last month:

Headlines are the publishers' own. News is never placed next to price.

The record itself

Not covered. The criterion it missed: documentation found but no public code repository listed.

Pages savednot yetno roadmap page found
Promisesnone yetno record drafted
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy