Sui, a layer-1 blockchain developed for high throughput and low latency transactions, is expanding its reach in Latin America by partnering with Mercado Bitcoin. Mercado Bitcoin is recognized
Sui, a layer-1 blockchain developed for high throughput and low latency transactions, is expanding its reach in Latin America by partnering with Mercado Bitcoin. Mercado Bitcoin is recognized as Latin America’s largest digital asset exchange and now stands as the first platform in Brazil to integrate Sui network transfers.
Through this collaboration, Mercado Bitcoin’s 4.5 million clients are able to buy, sell, send, and receive SUI tokens, as well as stablecoins USDC and USDsui directly on the exchange. The move provides Brazilian users with a new entry point into Sui’s ecosystem, broadening the asset choices on one of the region’s most established digital asset platforms.
USDsui, Sui’s own stablecoin, will have expanded utility by being eligible as collateral for Mercado Bitcoin’s lending offerings. This development intends to create new opportunities for Brazilian customers to use their digital assets within decentralized finance applications, such as borrowing and lending.
Both companies are also exploring integration with Hashi, a Bitcoin infrastructure protocol built by Sui. If the required infrastructure goes live on the mainnet, Hashi could allow for lending and borrowing activities using native Bitcoin, potentially broadening the appeal of the Sui ecosystem among traditional cryptocurrency users.
Mini dictionary: Hashi is a cross-chain protocol developed by Sui to connect Bitcoin to Sui’s blockchain infrastructure. It aims to enable use of native Bitcoin for activities such as lending, borrowing, and trading on Sui-based decentralized applications.
Mercado Bitcoin is also preparing to launch its tokenized real-world asset program on Sui’s infrastructure. The company has previously issued more than 800 tokenized assets since 2019, further strengthening the tie between traditional finance and blockchain-based offerings.
Mercado Bitcoin’s 4.5 million users can now access SUI, USDC, and USDsui on the Sui network for buying, selling, sending, and receiving digital assets, while plans to expand lending and tokenization capabilities are currently underway.
Market observers view this integration as an opportunity for Sui to increase network activity and drive greater adoption through access to millions of Brazilian digital asset investors. While the listing of SUI and associated stablecoins on a top-tier exchange marks a significant development, analysts emphasize that real impact will depend on user adoption and the scale of actual transactions executed through Mercado Bitcoin.
On the technical side, cryptocurrency analyst Crypto With Gopal has identified a falling wedge chart formation in SUI’s four-hour timeframe, which generally signals the potential for a bullish breakout. The price has approached the $0.90 support zone, a crucial level to watch for traders.
Support Level Resistance Level Bullish Target Bearish Scenario $0.90 $0.96–$1.00 $1.20–$1.25 Below $0.90Analysts note that a breakout above the $0.96 to $1.00 resistance could shift sentiment toward a bullish outlook, making the $1.20 to $1.25 region an area of increased price interest. Any move below $0.90, however, could lead to further downside risk for SUI in the near term.
Analysts suggest that trading volumes should be closely tracked, as higher buyer momentum could provide confirmation of any sustained reversal. Conversely, failure to break past $1.00 or a sharp drop below $0.90 may lead to a period of consolidation or further downside volatility.
SUI’s price outlook and network growth in Brazil will likely be influenced by both adoption trends following the Mercado Bitcoin expansion and ongoing efforts to support lending and tokenization features on the Sui blockchain.
The post Sui expands into Brazil as Mercado Bitcoin adds SUI network support appeared first on COINTURK NEWS.
