Profile
suiUSDe profile facts
eSui Dollar (suiUSDe) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
- Collateral
- Ethena whitelabel synthetic-dollar backing using digital-asset collateral and short futures exposure for the Sui deployment
- Peg mechanism
- Sui-native Ethena whitelabel dollar asset whose peg quality depends on Ethena-style delta-neutral backing and Sui deployment controls
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Sui.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
suiUSDe quick answers
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What is eSui Dollar (suiUSDe)?
suiUSDe is Sui's Ethena-whitelabel dollar, backed mainly by USDe (itself mostly Liquid Cash plus a hedged crypto sleeve) and USDC, under Sui admin controls. The static profile records its US Dollar peg mechanism as: Sui-native Ethena whitelabel dollar asset whose peg quality depends on Ethena-style delta-neutral backing and Sui deployment controls.
Is suiUSDe safe?
As of Nov 8, 2026, Pharos grades suiUSDe C (57/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to whitelisted primary-market participants. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs suiUSDe?
Pharos records suiUSDe's reserves as of Oct 11, 2026 as 90.2% USDe (Ethena synthetic dollar), 9.8% USDC cash-equivalent reserves, and under 0.1% Coinbase Prime custody (off-chain). Reserve evidence: live reserve feed configured. Pharos classifies the backing as Crypto-Collateralized.
Can suiUSDe be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem suiUSDe?
Under the route Pharos reviewed on Aug 13, 2026, whitelisted primary-market participants can redeem suiUSDe for USDC. Redemption settles atomically on-chain. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.
