Wrapped SUI (uSUI) is a tokenized version of SUI that runs on multiple blockchains including Base, Polygon, and Arbitrum. uSUI is an ERC-20 token, enabling it to be used in DeFi applications including lending, borrowing, and other financial applications. uSUI is backed by SUI at a 1:1 ratio via a network of merchants, ensuring that its price is pegged to SUI at all times. The underlying SUI collateral is stored with Coinbase Prime.