TheBlock
Sui has processed more than $1 trillion in stablecoin volume since August 2025, Mysten Labs co-founder Adeniyi Abiodun said in an interview with The Block at Consensus 2026, positioning the network as a future default rail for money movement alongside planned zero-fee stablecoin transfers and private payments slated to roll out this year.
Abiodun linked the ambition to the original mission of Meta's Libra and Diem projects, from which the Mysten Labs team emerged, and used a $100 cross-border transfer to Nigeria carrying $35 in fees as his anchor example of how legacy rails mis-price money movement. He also argued that financial privacy expectations are shifting, drawing a sharp line at public ledgers that make bank accounts look as transparent as social feeds.
Why it matters
The volume figure reframes Sui's pitch from "fast L1" to "payments rail competing with the major stablecoin networks." Crossing $1T in under ten months is the kind of throughput argument that gets TradFi partners and stablecoin issuers to take a chain seriously — particularly when paired with a zero-fee transfer roadmap and the privacy primitive Abiodun described, where users can bundle encrypted intent with transactions to support future chargeback and fraud-resolution flows when AI agents act incorrectly. He pegged agent-driven traffic at more than 80% of internet flows and called agentic workflows crypto's killer use case.
The post-quantum signal is the second pillar of the thesis: Sui is testing post-quantum signatures on testnet, targeting rollout ahead of anticipated EU quantum-resistance mandates in 2030, and Abiodun publicly offered to coordinate with the Bitcoin ecosystem and open-source Mysten's quantum research — a notable overture given his blunt framing that Bitcoin will address the threat "very slowly and non-committally."
Market impact
The bullish pitch lands against a still-fragile operational record. Sui's mainnet stalled for hours in January 2026 after an internal validator consensus divergence, on the heels of a roughly three-hour November 2024 outage caused by a transaction-scheduling bug that triggered a validator crash loop.
Frequently asked questions
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How much stablecoin volume has Sui processed since August 2025?
More than $1 trillion, according to Mysten Labs co-founder Adeniyi Abiodun, speaking with The Block at Consensus 2026.
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What new features did Abiodun announce for Sui?
He said zero-fee stablecoin transfers and a private-payments primitive are on the roadmap to roll out this year, and that Sui is testing post-quantum signatures on testnet.
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Why is Sui's privacy push relevant for AI agents?
Abiodun argued that bundling encrypted intent with transactions could support chargeback and fraud-resolution flows when AI agents act incorrectly — a structural need if agentic workflows become the dominant onchain traffic pattern.
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What recent outages has the Sui mainnet experienced?
The mainnet stalled for hours in January 2026 due to an internal validator consensus divergence, following a roughly three-hour outage in November 2024 caused by a transaction-scheduling bug that triggered a validator crash loop.
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Where is the SUI token trading relative to its all-time high?
SUI is changing hands near $0.99, down nearly 3% over 24 hours and about 81% below the $5.35 all-time high set in January 2025.
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