M&#7897;t qu&#7929; SUI &#273;ang th&#7921;c hi&#7879;n m&#7897;t canh b&#7841;c t&aacute;o b&#7841;o, ra m&#7855;t hai stablecoin d&#7921;a tr&ecirc;n blockchain c&#7911;a token n&agrave;y. SUI Group &#273;&atilde; h&#7907;p t&aacute;c v&#7899;i Ethena Labs &#273;&#7875; ph&aacute;t h&agrave;nh c&aacute;c token n&agrave;y v&agrave;o cu&#7889;i n&#259;m 2025.
C&ocirc;ng ty d&#7921; &#273;&#7883;nh t&#259;ng c&#432;&#7901;ng ti&#7879;n &iacute;ch cho blockchain c&#7911;a SUI, cung c&#7845;p m&#7897;t tr&#432;&#7901;ng h&#7907;p s&#7917; d&#7909;ng m&#7899;i ti&#7873;m n&#259;ng cho altcoin DATs &#7903; kh&#7855;p m&#7885;i n&#417;i. Tuy nhi&ecirc;n, &aacute;p l&#7921;c t&#7915; quy &#273;&#7883;nh v&agrave; th&#7883; tr&#432;&#7901;ng c&oacute; th&#7875; khi&#7871;n d&#7921; &aacute;n s&#7909;p &#273;&#7893; ho&agrave;n to&agrave;n.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-sui-treasury-launches-stablecoins">SUI Treasury ra m&#7855;t stablecoins</h2>

V&agrave;o th&aacute;ng 07, Mill City Ventures &#273;&atilde; g&acirc;y ch&uacute; &yacute; khi <a href="https://vn.beincrypto.com/altcoin-treasuries-rise-sui-hbar-solana/" target="_blank" rel="noreferrer noopener">&#273;&#7893;i t&ecirc;n th&agrave;nh SUI Group, m&#7897;t qu&#7929; t&agrave;i s&#7843;n k&#7929; thu&#7853;t s&#7889;</a> (DAT), huy &#273;&#7897;ng 450 tri&#7879;u USD &#273;&#7875; &#273;&#7847;u t&#432; v&agrave;o token. M&#7897;t th&aacute;ng tr&#432;&#7899;c, h&#7885; <a href="https://vn.beincrypto.com/sui-momentum-builds-as-social-dominance-and-volumes-surge/" target="_blank" rel="noreferrer noopener">c&ocirc;ng khai th&ocirc;ng b&aacute;o v&#7873; m&#7897;t kho d&#7921; tr&#7919; 330 tri&#7879;u USD</a>, v&agrave; &#273;&atilde; ti&#7871;p t&#7909;c t&iacute;ch l&#361;y k&#7875; t&#7915; &#273;&oacute;.
Tuy nhi&ecirc;n, h&ocirc;m nay, qu&#7929; SUI n&agrave;y &#273;&atilde; th&#7921;c hi&#7879;n b&#432;&#7899;c &#273;i kh&ocirc;ng ch&iacute;nh th&#7889;ng khi l&ecirc;n k&#7871; ho&#7841;ch ra m&#7855;t hai stablecoin.
Theo th&ocirc;ng c&aacute;o b&aacute;o ch&iacute; c&#7911;a SUI Group <a href="https://www.businesswire.com/news/home/20251001465102/en/SUI-Group-Partners-with-Ethena-and-the-Sui-Foundation-to-Launch-suiUSDe-and-USDi-the-First-Native-Sui-Stablecoins" target="_blank" rel="noreferrer noopener">ph&aacute;t h&agrave;nh</a>, c&ocirc;ng ty &#273;ang h&#7907;p t&aacute;c v&#7899;i Ethena Labs &#273;&#7875; ph&aacute;t tri&#7875;n c&aacute;c stablecoin n&agrave;y. Tr&ecirc;n b&#7873; m&#7863;t, c&ocirc;ng ty n&agrave;y c&oacute; m&#7897;t l&yacute; do r&#7845;t c&#7909; th&#7875; &#273;&#7875; tr&#7903; th&agrave;nh DAT &#273;&#7847;u ti&ecirc;n ra m&#7855;t stablecoin: t&#259;ng c&#432;&#7901;ng ti&#7879;n &iacute;ch cho c&#417; s&#7903; h&#7841; t&#7847;ng c&#7911;a SUI.
Hi&#7879;n t&#7841;i, USDC l&agrave; stablecoin <a href="https://www.theinformation.com/briefings/exclusive-crypto-treasury-stock-launches-stablecoins" target="_blank" rel="noreferrer noopener nofollow">ph&#7893; bi&#7871;n</a> nh&#7845;t tr&ecirc;n blockchain c&#7911;a SUI, nh&#432;ng qu&#7929; n&agrave;y c&oacute; th&#7875; thay &#273;&#7893;i m&ocirc; h&igrave;nh n&agrave;y. Hai t&agrave;i s&#7843;n m&#7899;i n&agrave;y, suiUSDe v&agrave; USDi, c&oacute; th&#7875; thi&#7871;t l&#7853;p m&#7897;t tr&#432;&#7901;ng h&#7907;p s&#7917; d&#7909;ng m&#7899;i cho DATs. &#272;&acirc;y l&agrave; m&#7897;t th&iacute; nghi&#7879;m &#273;&#7847;y tham v&#7885;ng, nh&#432;ng c&aacute;c gi&aacute;m &#273;&#7889;c &#273;i&#7873;u h&agrave;nh c&oacute; v&#7867; l&#7841;c quan:
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
&ldquo;SUI Group &#273;ang ph&aacute;t tri&#7875;n v&#432;&#7907;t ra ngo&agrave;i m&#7897;t c&ocirc;ng ty DAT truy&#7873;n th&#7889;ng &#273;&#7875; tr&#7903; th&agrave;nh m&#7897;t nh&agrave; x&acirc;y d&#7921;ng c&#417; s&#7903; h&#7841; t&#7847;ng v&#7899;i t&#7847;m nh&igrave;n d&agrave;i h&#7841;n t&#7841;o ra m&#7897;t &lsquo;Ng&acirc;n h&agrave;ng SUI&rsquo; th&#7871; h&#7879; ti&#7871;p theo, ho&#7841;t &#273;&#7897;ng nh&#432; m&#7897;t trung t&acirc;m thanh kho&#7843;n trung t&acirc;m cho h&#7879; sinh th&aacute;i. Ch&uacute;ng t&ocirc;i tin r&#7857;ng s&aacute;ng ki&#7871;n n&agrave;y s&#7869; th&ecirc;m m&#7897;t c&#417; ch&#7871; m&#7841;nh m&#7869; kh&aacute;c &#273;&#7875; th&uacute;c &#273;&#7849;y thanh kho&#7843;n, ti&#7879;n &iacute;ch v&agrave; gi&aacute; tr&#7883; d&agrave;i h&#7841;n tr&ecirc;n blockchain Sui,&rdquo; Ch&#7911; t&#7883;ch Marius Barnett tuy&ecirc;n b&#7889;.
</blockquote>

<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-bold-strategy-or-desperate-gamble">Chi&#7871;n l&#432;&#7907;c t&aacute;o b&#7841;o hay canh b&#7841;c tuy&#7879;t v&#7885;ng?</h2>

Tuy nhi&ecirc;n, m&#7897;t c&aacute;i nh&igrave;n s&acirc;u h&#417;n m&#7897;t ch&uacute;t ti&#7871;t l&#7897; m&#7897;t lo&#7841;t c&aacute;c v&#7845;n &#273;&#7873;. Tr&#432;&#7899;c h&#7871;t, to&agrave;n b&#7897; ng&agrave;nh DAT &#273;ang &#273;&#7889;i m&#7863;t v&#7899;i <a href="https://vn.beincrypto.com/dats-crypto-assets-losing-purchasing-power-september/" target="_blank" rel="noreferrer noopener">s&#7921; suy gi&#7843;m mNAVs v&agrave; hi&#7879;u su&#7845;t c&#7893; phi&#7871;u</a>. Ngay c&#7843; <a href="https://vn.beincrypto.com/microstrategy-shareholders-risk-saylor-bitcoin-buys/" target="_blank" rel="noreferrer noopener">nh&#7919;ng con c&aacute; voi l&#7899;n nh&#7845;t v&agrave; l&acirc;u &#273;&#7901;i nh&#7845;t</a> c&#361;ng &#273;ang ch&#7883;u &aacute;p l&#7921;c.
N&oacute;i c&aacute;ch kh&aacute;c, canh b&#7841;c stablecoin c&#7911;a SUI Group c&oacute; th&#7875; l&agrave; m&#7897;t bi&#7879;n ph&aacute;p c&#7847;n thi&#7871;t &#273;&#7875; n&#7893;i b&#7853;t trong th&#7883; tr&#432;&#7901;ng &#273;ang thu h&#7865;p n&agrave;y.
H&#417;n n&#7919;a, kh&ocirc;ng r&otilde; hai stablecoin SUI n&agrave;y s&#7869; ph&ugrave; h&#7907;p nh&#432; th&#7871; n&agrave;o v&#7899;i c&aacute;c quy &#273;&#7883;nh s&#7855;p t&#7899;i c&#7911;a M&#7929;. &#272;&#7841;o lu&#7853;t GENIUS y&ecirc;u c&#7847;u c&aacute;c nh&agrave; ph&aacute;t h&agrave;nh <a href="https://vn.beincrypto.com/trump-signs-genius-act-into-law/" target="_blank" rel="noreferrer noopener">gi&#7919; d&#7921; tr&#7919; trong Tr&aacute;i phi&#7871;u M&#7929;</a>, v&agrave; c&aacute;c c&ocirc;ng ty nh&#432; Tether &#273;&atilde; <a href="https://vn.beincrypto.com/tether-vows-compliance-with-us-genius-act/" target="_blank" rel="noreferrer noopener">chu&#7849;n b&#7883; k&#7929; l&#432;&#7905;ng</a> cho &#273;i&#7873;u n&agrave;y.
N&#7871;u SUI Group &#273;&#7847;u t&#432; ph&#7847;n l&#7899;n v&#7889;n v&agrave;o token n&agrave;y, l&agrave;m th&#7871; n&agrave;o h&#7885; c&oacute; th&#7875; mua &#273;&#7911; Tr&aacute;i phi&#7871;u?
H&#417;n n&#7919;a, c&aacute;c c&#417; quan qu&#7843;n l&yacute; M&#7929; <a href="https://vn.beincrypto.com/us-regulators-probe-200-firms-over-unusual-trading-ahead-of-crypto-treasury-deals/" target="_blank" rel="noreferrer noopener">&#273;&atilde; m&#7903; m&#7897;t cu&#7897;c &#273;i&#7873;u tra l&#7899;n v&agrave;o c&aacute;c c&ocirc;ng ty DAT</a> m&#7897;t ng&agrave;y tr&#432;&#7899;c. C&aacute;c c&ocirc;ng ty qu&#7929; &#273;&atilde; b&#7883; nghi ng&#7901; r&#7845;t nhi&#7873;u v&#7873; c&aacute;c c&aacute;o bu&#7897;c giao d&#7883;ch n&#7897;i gi&aacute;n, v&agrave; m&#7897;t ng&#432;&#7901;i n&#7855;m gi&#7919; SUI l&#7841;i ch&#7885;n h&ocirc;m nay &#273;&#7875; ra m&#7855;t stablecoin? Tuy&ecirc;n b&#7889; c&#7911;a c&ocirc;ng ty r&otilde; r&agrave;ng th&#7843;o lu&#7853;n v&#7873; vi&#7879;c th&ecirc;m gi&aacute; tr&#7883; d&agrave;i h&#7841;n v&agrave;o m&#7841;ng l&#432;&#7899;i token m&agrave; h&#7885; &#273;&atilde; &#273;&#7847;u t&#432; m&#7841;nh.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-a-fork-in-the-road-for-dats-everywhere">Ng&atilde; r&#7869; tr&ecirc;n con &#273;&#432;&#7901;ng cho DATs kh&#7855;p n&#417;i</h2>

T&#7845;t c&#7843; nh&#7919;ng &#273;i&#7873;u &#273;&oacute; c&oacute; ngh&#297;a l&agrave;, k&#7871; ho&#7841;ch stablecoin c&#7911;a SUI c&oacute; th&#7875; &#273;i theo hai h&#432;&#7899;ng kh&aacute;c nhau. K&#7883;ch b&#7843;n l&#7841;c quan l&agrave; m&#7885;i th&#7913; di&#7877;n ra su&ocirc;n s&#7867;, ch&#7913;ng minh m&#7897;t tr&#432;&#7901;ng h&#7907;p s&#7917; d&#7909;ng m&#7899;i c&oacute; gi&aacute; tr&#7883; cho altcoin DATs. C&aacute;c c&ocirc;ng ty &#273;ang ph&aacute;t tri&#7875;n c&oacute; th&#7875; b&#7855;t &#273;&#7847;u t&iacute;ch tr&#7919; c&aacute;c token &iacute;t &#273;&#432;&#7907;c bi&#7871;t &#273;&#7871;n h&#417;n &#273;&#7875; t&#7841;o &#7843;nh h&#432;&#7903;ng m&#7899;i l&ecirc;n h&#7879; sinh th&aacute;i blockchain c&#7911;a h&#7885;.
Ng&#432;&#7907;c l&#7841;i, &#273;i&#7873;u n&agrave;y c&oacute; th&#7875; s&#7909;p &#273;&#7893; m&#7897;t c&aacute;ch ngo&#7841;n m&#7909;c. S&#7921; gi&aacute;m s&aacute;t c&#7911;a quy &#273;&#7883;nh ho&#7863;c logic th&#7883; tr&#432;&#7901;ng &#273;&#417;n thu&#7847;n c&oacute; th&#7875; &#273;&#7863;t d&#7845;u ch&#7845;m h&#7871;t cho k&#7871; ho&#7841;ch n&agrave;y m&#7863;c d&ugrave; SUI Group &#273;&atilde; n&#7895; l&#7921;c h&#7871;t m&igrave;nh. Gi&aacute; token c&#7911;a SUI th&#7853;m ch&iacute; kh&ocirc;ng c&oacute; d&#7845;u hi&#7879;u t&#7889;t trong nh&#7919;ng tu&#7847;n g&#7847;n &#273;&acirc;y.
N&#7871;u k&#7871; ho&#7841;ch t&aacute;o b&#7841;o n&agrave;y kh&ocirc;ng th&#7875; th&agrave;nh c&ocirc;ng, &#273;&oacute; s&#7869; l&agrave; m&#7897;t d&#7845;u hi&#7879;u ti&ecirc;u c&#7921;c cho c&aacute;c c&ocirc;ng ty DAT &#7903; kh&#7855;p m&#7885;i n&#417;i.

Công ty SUI Treasury chuẩn bị ra mắt stablecoin bất chấp lo ngại pháp lý