The Sui network has processed more than $1 trillion in stablecoin volume since August, a milestone Mysten Labs co-founder Adeniyi Abiodun cited while positioning the blockchain as a future “default network for how you move money” through planned zero-fee stablecoin transfers and private payments.
In an interview with The Block’s Gareth Jenkinson at Consensus 2026, Abiodun linked these ambitions to the original mission of the Libra and Diem projects at Meta, from which the Mysten Labs team emerged.
He pointed to the cost structure of legacy banking rails, citing a $100 cross-border transfer to Nigeria that carried $35 in fees, describing the cost structure as a limitation in existing payment systems.
He argued that consumer expectations for financial privacy are also evolving, noting that users should not be forced to accept a reality where their “bank accounts look like Twitter,” referencing the transparency of existing public ledgers.
On agent-driven transaction flows, Abiodun said automated systems already dominate more than 80% of internet traffic, based on his experience at Facebook. He predicted money movement will follow the same pattern, calling agentic workflows crypto’s killer use case.
Users should not be able to tell agents from humans onchain, he said. Sui’s storage layer lets users bundle encrypted intent with transactions, which he argued could support future chargeback and fraud-resolution mechanisms when AI agents act incorrectly.
Post-quantum preparedness and network stability
Operationally, Sui is also moving to address long-term policy and security risks. The network is currently testing post-quantum signatures on its testnet, Abiodun told the Block, saying his team is targeting a rollout ahead of anticipated EU quantum-resistance mandates in 2030.
Notably, he offered to “coordinate with the Bitcoin ecosystem” and open-source Mysten’s quantum research, while noting that Bitcoin will likely address the threat “very slowly and non-committally” despite trillions of dollars being at risk.
Despite a 200% surge in developer activity, which Abiodun attributes to “capabilities competitors can’t match,” like onchain market-making and atomic multi-transaction submits, Sui has faced recent technical headwinds.
In January 2026, the Sui mainnet stalled for hours due to an internal divergence in validator consensus processing. This followed a previous major outage in November 2024, which lasted roughly three hours and was caused by a bug in the transaction scheduling logic that triggered a validator crash loop.
The network’s native token ($SUI) has also traded lower in recent sessions. According to The Block’s $SUI price page, it is currently changing hands at around $0.99, down nearly 3% over the past 24 hours. The token sits about 81% below its all-time high of $5.35 set in January 2025.
The Block’s full interview with Adeniyi Abiodun will be published later today.
