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Data: 1,705 BTC transferred from anonymous addresses, worth approximately $136 million
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Strike Gold by Sharing Your TradFi Orders and Pictures!
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River and Sui reach strategic partnership to expand multi-chain capital into the Sui ecosystem
BlockBeats News, January 20 — River has announced a strategic partnership with Sui’s official team. This collaboration aims to bring liquidity and yield opportunities from multi-chain ecosystems into the Sui ecosystem, providing institutions, developers, and users with more efficient capital utilization methods.
In this partnership, River’s core stablecoin satUSD will serve as a cross-ecosystem settlement asset, connecting liquidity across different chains and being natively usable on Sui. Through River’s chain-abstracted stablecoin architecture, users can deposit collateral assets on one chain and mint and use satUSD on another chain without the need for bridging or wrapping assets, significantly lowering operational barriers.
Leveraging Sui’s high-performance, low-latency technology, satUSD will introduce capital from multiple ecosystems into DeFi applications and yield products within the Sui ecosystem, expanding liquidity depth and composability. This collaboration is an important step for River in advancing multi-ecosystem deployment and also opens a new channel for Sui to connect with external capital.