• 34ºc, Sunny

Sui partners with MoviePass to support USDC payments and will hold a stake in it

On September 18th, Sui announced that it is partnering with MoviePass to provide users with the ability to pay for the movie subscription platform using USDC. As part of the agreement, the Sui Foundation will also hold a partial stake in MoviePass, the terms of which have not been disclosed. In addition to the stablecoin payment feature, Sui and MoviePass also plan to offer "on-chain rewards" for users' participation, as well as the purchase of "unique digital collectibles" and "fan pledge" features. According to the press release, users can also help fund movies.