Sui Gasless Fees Trigger $65B Stablecoin Surge as Ripple Pushes RLUSD in Africa

Sui stablecoin transfers hit $65 billion in five days after the gasless fee update went live around June 10. Ripple closed a strategic investment in

Dipendra Singh

— 1 min read
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Summary

  • Sui stablecoin transfers hit $65 billion in five days after the gasless fee update went live around June 10.
  • Ripple closed a strategic investment in Flutterwave's Series E round to integrate RLUSD across African payment rails.
  • The parallel moves highlight accelerating stablecoin adoption on emerging networks and in cross-border markets.

Sui handled roughly $65 billion in stablecoin transfers. This spike hit in the five days after gas fees disappeared around June 10. Users shifted their activity fast.

The timing overlaps with Ripple's stake in Flutterwave. That round valued the African fintech at $3.2 billion.

Context

Gas fees have long created friction for high-volume stablecoin activity. Sui removed that barrier for stablecoin transfers. The network suddenly handled much larger volumes.

Traditional payment corridors in Africa keep hunting for cheaper options. Ripple's Flutterwave deal adds stablecoin rails that fit right into existing systems.

"Our investment will establish RLUSD within that infrastructure, with Flutterwave driving stablecoin flows over the XRPL and deepening its role."

, Ripple (PR Newswire)

Details

Sui's gasless model drove the volume jump right away. Outlets tracked the same $65 billion figure since the June 10 update. Analysts caution that some metrics may include wash trades or internal moves.

Ripple's investment opens a direct path for RLUSD. The round closed in mid-June and targets stablecoin settlement inside Flutterwave's African network. This brings XRPL flows into real payment channels.

The two events landed in the same short window. They run on different networks and serve different users. Sui gained volume from fee cuts while Ripple gained distribution through an established partner.

Outlook

Sui will test whether those elevated volumes stick after the first rush fades. Ripple and Flutterwave plan to launch the first RLUSD flows through the partnership in the coming months.

Both moves point to steady stablecoin growth on networks that cut costs or friction for users.

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