The Sui Foundation has purchased more than 1.1 million SUI tokens through its ongoing buyback program, which uses revenue generated from stablecoin yield. The total has roughly doubled since early September, when the figure stood at around 609,800 tokens. The program acquires SUI daily on the open market.
The purchased tokens are not destroyed but instead distributed to ecosystem participants including validators and DeFi projects, meaning total supply remains unchanged. Buyback funding depends on how much stablecoin value remains on the network, with total stablecoin supply currently at around $430 million. Growth in stablecoin deposits will determine whether the program can expand further.
Read the full story on BSC News: Sui Foundation Buybacks Pass 1.1 Million SUI Funded by Stablecoin Yield
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