---
title: "eSui Dollar (suiUSDe) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/suiusde-sui/"
description: "Build-time stablecoin profile for eSui Dollar (suiUSDe). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# eSui Dollar (suiUSDe)

**Peg:** US Dollar

**Backing:** Crypto-Collateralized

**Governance:** CeFi-Dependent

**Status:** active

## Overview

a Sui-native Ethena whitelabel synthetic dollar that inherits Ethena's basis-trade and custody mechanics. eSui Dollar is a Sui-native Ethena whitelabel synthetic dollar rather than a simple bridged USDe wrapper. Pharos models the dependency through Ethena-style collateral and hedging mechanics, with reserve risk concentrated in digital-asset collateral, short {{term:perpetual}}perpetual{{/term}} {{term:basis-trade}}basis trade{{/term}} execution under {{term:delta-neutral}}delta-neutral{{/term}} construction, off-exchange {{term:custody}}custody{{/term}}, and Sui deployment controls. It is tracked through DefiLlama and the Sui contract, but Sui supply is not yet verified through live reserve checks.

## 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

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| sui | `0x41d587e5336f1c86cad50d38a7136db99333bb9bda91cea4ba69115defeb1402::sui_usde::SUI_USDE` | 6 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/suiusde-sui.