Sui Network Plans Zero-Fee Stablecoin Transfers Amid Privacy Enhancements

Mysten Labs co-founder Adeniyi Abiodun announced during Consensus 2026 that the Sui Network has processed over $1 trillion in stablecoin transactions since last year. According to ChainCatcher, the network plans to introduce zero-fee stablecoin transfers and privacy payment features. Abiodun emphasized Sui's ambition to become the 'default network for future fund transfers,' criticizing the high fees of traditional cross-border payment systems, such as a $35 fee for transferring $100 to Nigeria. He argued that future financial systems should not be entirely public like social media, advocating for enhanced privacy protection for users. Sui is developing a storage layer to support encrypted transaction intents, aiming to accommodate AI Agent-driven automated payments and future refund and fraud handling mechanisms. Additionally, Sui is testing quantum-resistant signature technology on its testnet, targeting deployment before the EU's quantum security requirements are implemented by 2030. Abiodun expressed willingness to collaborate with the Bitcoin ecosystem and open-source related research. However, Sui has faced technical stability challenges, including a mainnet outage in January 2026. Currently, the price of SUI is approximately $0.99, a decline of about 81% from its all-time high of $5.35 in 2025.