Mercado Bitcoin opens Sui asset transfers to its 4.5 million clients in Brazil

What happened

Mercado Bitcoin now lets its 4.5 million clients in Brazil move assets on the Sui network. Clients can now send and receive them directly over the Sui network rather than just trading them inside the exchange.

That makes it the first Brazilian exchange to offer Sui transfers. It is less a simple token listing and more an early step in a broader plan to place several of the exchange’s product lines on Sui.

What Mercado Bitcoin is actually turning on The rollout starts with three assets: the SUI token, USDC (Circle’s dollar-pegged token) , and USDsui, which also goes by the Sui Dollar. The most immediately useful piece may be USDsui.

Mercado Bitcoin says the stablecoin (a digital token meant to hold a fixed value, usually one dollar) can be used right away as collateral in its lending products. The integration grows out of an ongoing collaboration between Mercado Bitcoin, Mysten Labs and the Sui Foundation.

Mysten Labs is the company behind Sui’s development, and the Sui Foundation provides support for the network’s ecosystem.

Add your holdings to find related stories in Pro. Create a free account The stated goal is to make Sui-based finance easier to reach in Brazil, which the partners treat as a key market in South America.