Mysten Labs co-founder Sui: Stablecoin trading volume has surpassed $1 trillion since last August.

At Consensus 2026, Adeniyi Abiodun, co-founder of Mysten Labs, stated that the Sui network has processed over $1 trillion in stablecoin transactions since August of last year and plans to launch zero-fee stablecoin transfers and privacy payment features. Abiodun stated that Sui aims to become the "default network for future fund flows," noting that current traditional cross-border payment systems are too expensive; for example, transferring $100 to Nigeria might incur a $35 fee. He argued that future financial systems should not be as entirely public as social media, and users need stronger privacy protections. Sui is developing a storage layer that supports encrypted transaction intent to accommodate AI agent-driven automated payments and future refund and fraud handling mechanisms. Furthermore, Sui is currently testing quantum-resistant signature technology on its testnet, aiming to complete deployment before the EU's quantum security requirements are met by 2030. Abiodun also expressed a willingness to coordinate with the Bitcoin ecosystem and open-source related research. However, SUI has recently faced technical stability challenges, with its mainnet experiencing several hours of downtime in January 2026. Currently, SUI is priced at approximately $0.99, a drop of about 81% from its all-time high of $5.35 reached in January 2025. (The Block)