Sui Teams Up with Torder to Launch Next-Gen Stablecoin-Based Payment Infrastructure

Revolutionizing Payments for Small Businesses

Sui, a leading Layer 1 blockchain platform, has partnered with Torder, a table-order system provider, to design a cutting-edge payment infrastructure built on stablecoin technology. The memorandum of understanding (MOU), announced on October 25 during the "Sui Builder House APAC in Seoul" event, marks a significant stride toward modernizing payment systems for small business operators. Adeniyi Abiodun, co-founder of Mysten Labs (Sui's parent company), emphasized the project's ambitious vision: "Through our partnership with Torder, we aim to penetrate the $100 billion on-chain market with innovative payment solutions."

Torder’s Commitment to Small Business Empowerment

Torder has consistently positioned itself as an advocate for small businesses, introducing a zero-commission model since the company's establishment. This new partnership with Sui will enhance its mission by integrating blockchain-driven stablecoins and real-time communication technology into its payment systems. The result? A streamlined, cost-effective payment environment designed to foster a thriving ecosystem for small business commerce.

Central to this collaboration is the promise of drastically reduced transaction fees. While conventional credit card and payment gateway (PG) systems impose average charges of 2.5%, the Sui-Torder solution offers ultra-low processing costs of approximately 13 won per transaction. For small business operators, this could translate into annual cost savings of up to KRW 150 billion, allowing these enterprises to reinvest in growth and sustainability.

Core Innovations: From Facial Recognition to Stablecoin Integration

The partnership goes beyond simply lowering costs; it aims to pioneer transformative payment solutions. Torder plans to harness facial ID recognition technology and QR code-based systems on the Sui blockchain. This innovative payment and settlement infrastructure will also incorporate a stablecoin pegged to the Korean won, ensuring seamless, low-cost, and efficient transactions tailored to the local market.

"We're not just developing a concept," Abiodun clarified. "This is an on-chain, fully operational business model. Every layer of the Sui Stack—from coordination to data storage, encryption, transaction management, and privacy protection—will be leveraged to bring this vision to life."

The Maturity of the Digital Asset Ecosystem

The partnership comes at a time when the digital asset landscape is entering a phase of significant evolution. Abiodun highlighted key trends propelling the sector forward, including advancements in stablecoin technology, rapid progress in artificial intelligence, and the establishment of regulatory frameworks by major entities like the U.S. government. Each of these elements is creating an opportune environment for global blockchain applications.

"The era of digital assets is no longer speculative; it has arrived at the perfect moment," Abiodun stated. He underscored that blockchain-backed digital assets are growing into a robust and evolving ecosystem, bringing long-term value to businesses worldwide. As stablecoin innovation accelerates, platforms like Sui and forward-thinking partnerships like the one with Torder are paving the way for sustainable, decentralized commerce.

In conclusion, this alliance marks a bold step toward redefining the payment landscape for small businesses. By combining blockchain efficiency with real-world functionality, Sui and Torder are setting a benchmark for how digital assets can drive tangible economic benefits and innovation at scale.