Grand Cayman, Cayman Islands, March 8th, 2024, Chainwire
S3, a platform powered by Pravica, will allow developers to easily launch native stablecoins on the Sui blockchain without having to deal with smart contracts and currency management.
The stablecoin studio S3.MONEY, developed on the Sui blockchain by Cairo-based blockchain start-up Pravica, in collaboration with Sui, was announced officially today. S3, which stands for “Stablecoin Studio on Sui,” is set to revolutionize the global payment processing landscape by introducing a versatile and user-friendly solution for building and utilizing stablecoins on the Sui blockchain.
S3 is a utility that allows issuers to build customizable stablecoins on the Sui Blockchain. In its initial phase, this tool allows issuers create fiat-backed, stablecoins, without having to develop the custom technological infrastructure required for currency management and smart contract development. S3 simplifies the integration process of existing stablecoins like USDC and USDT with Sui. It also allows for the creation bespoke solutions to meet regulatory requirements across the globe.
