Sui price is trading between $1.04 and $1.11 on Wednesday, gaining as much as 7% over 24 hours as the network launched gasless stablecoin transfers on mainnet. The new feature allows users and businesses to send supported stablecoins peer-to-peer without paying gas fees or holding a separate SUI balance. Sui said stablecoin transfer fees are now $0.00 on the network for supported assets. The launch is backed by Fireblocks and forms part of Sui’s broader effort to support payment infrastructure for stablecoins, tokenized assets and high-frequency digital transactions. The feature is being rolled out with support from institutional custodians and retail-facing wallets. Gasless Stablecoin Transfers Go Live Sui said the upgrade removes one of the main barriers in blockchain payments: the need to hold a separate gas token to move stablecoins. Under the new model, supported stablecoins can be used as standalone payment assets for wallet-to-wallet transfers. The feature launches with support for USDsui, SuiUSDe, AUSD, FDUSD, USDB, USDC and USDY. These assets can now be transferred without users needing to spend SUI on transaction fees. Adeniyi Abiodun, co-founder and chief product officer of Mysten Labs, said stablecoin payments still carry unnecessary complexity for many users and businesses. He said gasless transfers are intended to make digital dollar payments simpler and more predictable. Fireblocks also supported the launch. Ran Goldi, senior vice president of payments and network at Fireblocks, said stablecoin rails are becoming more important for institutions, but the user experience still needs to improve. Sui Network Activity Supports Market Focus The upgrade is powered by Address Balances, a new account-style balance system launched on Sui mainnet. The system is designed to simplify how value is stored and transferred while keeping the network suitable for high-volume payment activity. Sui said its stablecoin transfer volume has surpassed $1 trillion since August 2025. The network has also expanded across stablecoins, tokenized assets and institutional finance projects. Market analysts like Michael Van De Poppe have also pointed to other Sui developments from recent months. These include a spot crypto ETP listing in February 2026, CME futures, three U.S. staking ETF filings or products from Grayscale, Canary Capital and 21Shares, and the launch of USDsui through Stripe’s Bridge subsidiary. Other developments include Hashi, which supports native Bitcoin collateral without wrapping, and the Mysticeti consensus upgrade, which raised checkpoint processing from one per second to four per second. Sui has also been cited for reaching 232 million total users and 1.5 billion cumulative transactions. Stablecoin balances have reportedly held near a $500 million baseline despite a drop in total value locked. SUI Price Tests Short-Term Recovery SUI price is showing an early recovery setup after forming a local base near $1.0103 on the four-hour chart. The token recently traded near $1.0603, slightly above the market structure shift level near $1.0507. Analysts tracking the chart have noted a bullish divergence between price and the relative strength index. While price moved to lower lows near $1.02 to $1.03, RSI made higher lows, suggesting weaker selling pressure before the rebound. Source: X The first resistance range is between $1.10 and $1.15. A move above that area could bring $1.23 and $1.31 into focus. The wider four-hour range high sits near $1.42 to $1.45. On the downside, $1.0507 is the nearest support level. A move below that area could weaken the recovery setup and send SUI price back toward $1.0103. Losing that level would place the token at risk of further downside.
