Facing issues with withdrawing USDT/USDC to Sui from exchanges? Discover stablecoin yield opportunities on Sui—all in one guide!
Sui has emerged as one of the most hyped and top-performing layer-1 blockchains this cycle. Its expanding ecosystem and wealth effects continue to attract crypto users. However, with the SUI token price surging over 10x from its lows, many hesitate to invest directly. Stablecoins offer a solution by enabling participation in Sui’s ecosystem without exposure to token volatility.
This guide covers multiple methods to transfer stablecoins to Sui and explores high-yield opportunities for stablecoin holders.
Why Stablecoins on Sui?
- Avoid price volatility: Hedge against SUI token fluctuations.
- Access DeFi yields: Earn passive income through lending, liquidity pools, and more.
- Seamless cross-chain transfers: Bridge assets from Ethereum, Arbitrum, and other networks.
👉 Explore Sui’s top DeFi platforms
How to Transfer Stablecoins to Sui
Most exchanges like Binance and OKX do not support direct USDT/USDC withdrawals to Sui. Many users resort to buying SUI, transferring it to Sui, and swapping for stablecoins—but this method risks slippage and delays. Here are better alternatives:
1. Direct USDC Withdrawals via KuCoin or Coinbase
- Supports native USDC transfers to Sui.
- Limited accessibility for non-English speakers.
2. FDUSD Withdrawals on Binance
- Fee: 0.2 FDUSD per withdrawal.
- Swap FDUSD to USDC/USDT on DEXs like Aftermath or Cetus.
3. Cross-Chain USDC via Circle’s CCTP
- Use Portal Bridge to move USDC from Arbitrum, Base, etc., to Sui.
4. Sui Bridge for USDT
- Transfer USDT from Ethereum to Sui via Sui Bridge, receiving suiUSDT (sbUSDT) with liquidity incentives.
Top Stablecoin Yield Opportunities on Sui
🚀 Bucket Protocol (22.44% APY)
- Mint BUCK (Sui’s native stablecoin) and deposit into Savings for yield.
- Farm Drops (future airdrop tokens) in Bucket Farm.
📊 Lending Protocols
| Protocol | Asset | APY | Notes |
|---|---|---|---|
| Suilend | AUSD | 19% | + Season 2 airdrop points |
| Scallop | sbUSDT | 34% | Requires veSCA staking |
| Navi | suiUSDT | 16.97% | Supports leveraged loops |
💧 Liquidity Pools
- Cetus: 20%+ APY on stablecoin pairs.
- Aftermath: 25%+ APY for Wormhole-wrapped stablecoins (14-day locks).
FAQ
Q: Is Sui safe for stablecoin deposits?
A: Audited protocols like Bucket and Scallop are widely used, but always assess risks like smart contract vulnerabilities.
Q: Can I withdraw USDT from Binance to Sui?
A: Not directly—use FDUSD or bridge USDT via Sui Bridge.
Q: Why are yields so high?
A: Most are subsidized by SUI Foundation grants to bootstrap liquidity.
Q: How do I claim airdrops?
A: Engage in farming (e.g., Bucket Drops) or lending (e.g., Suilend points).
Final Tips
- Diversify: Split funds across protocols to mitigate risks.
- Monitor incentives: Yields may change as grants expire.
- Explore aggregators: Platforms like Kai Finance optimize returns automatically.
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