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Amplify your business of tokenizing money and let S3 handle the rest.

We can no longer deny the importance and growth of stablecoins as cash usage continues to shrink. We can no longer deny that the tokenized money revolution has begun.

In May 2024, stablecoins surpassed the $846 billion mark in on-chain trading volume. In an Into the Block report, the reason is that stablecoins are being used for international remittances. Americans alone pay nearly $12 billion annually to send money abroad. As a result, Xoom, PayPal’s money transfer service, is now allowing US customers to send stablecoins to about 160 countries fee-free.

The growth is not just with individuals in the USA; Russian commodities firms are reportedly using the top stablecoin, USDT, to execute financial transactions with Chinese companies.

PayPal added their stablecoin to the Solana blockchain in May, while it was previously just on Ethereum. Furthermore, Agora Dollar, for example, launched its AUSD on Sui Blockchain this May as well.

For all these reasons and more, Pravica developed S3, which stands for (Stablecoin Studio on Sui. S3 aims to be the epicenter of the future of finance by minting, distributing, circulating, and settling CBDCs and stablecoins for central banks and private financial issuers, allowing them to focus on their core business. 

As the stablecoin and CBDC uptake grows, S3 will deal with the pain points that usually plague these players, be it in cost, time, effort, security, or regulatory oversight.

Why stablecoins

Stablecoins, a form of cryptocurrency designed to be more stable in value by having their value tied to that of another asset, benefit from blockchain-based tokenized money. These stablecoins offer security, transparency, and cost efficiency by allowing direct transactions between merchants and consumers.

This is done because stablecoins are cryptographically secure, allowing users to settle transactions almost instantaneously without double spending or other settlement issues.

Finally, stablecoins are considered programmable due to the utilization of smart contracts, which means payments can be more innovative.

This could be the reason why more than 70% of central banks are exploring the design and issuance of CBDC (Central Bank Digital Currencies) as they try to improve financial inclusion, digital trade, payment efficiency, and access to safe central bank money. Even banks and payment network providers, as well as innovative new fintech players, have pursued their own digital currency ventures with stablecoins.

How does S3 fit in?

S3, which stands for (Stablecoin Studio on Sui, developed by Pravica, was created to provide financial institutions, including central banks, banks, and DeFi projects, with the infrastructure and tools to enable money tokenization on blockchain.

S3 solves the major pain points in money creation in Web2 and Web3 economies, which include minting, distributing, circulating, custody, and management.

While some might think, isn’t this the function of a central bank, a retail bank, or a traditional payment provider? The answer is not necessarily, especially in today’s Web3 environment. 


Let’s take minting as an example. In the United States, the Mint agency under the US Treasury Department is responsible for minting coins, while the Treasury Department bureau of engraving and printing would design and manufacture paper money.

The cost of minting physical money is quite high. In the USA, it costs 8.6 cents to print a 100-dollar bill, while in India, it costs 2.57 rupees to print a 500-rupee bill.

However, according to various reports, there is a big challenge to the banknote market coming from cryptocurrencies and stablecoins.

In the Web3 world, where central banks, banks, and innovators are entering the stablecoin realm, S3 can offer minting capabilities traditionally offered for print money.

S3 provides minting capabilities using its minting process, which is the creation of tokenized money instead of physical money. This money, much like traditional fiat currencies, is tied to a reserve of assets, ensuring the stability of its value.

S3 optimizes this process, making it fast, efficient, and reliable. The minting feature also ensures a constant supply of stablecoins, catering to demand and helping maintain their value stability.

But the money business is not just about minting; it also includes the distribution and circulation of money.


While traditionally, central banks such as the Federal Reserve Bank undertake to distribute money to banks and financial players, in the Web3 domain of stablecoins, this can be handled by S3. 

Once stablecoins are minted, S3 will distribute them in a flawless process, ensuring that stablecoins and CBDCs reach their intended recipients (financial institutions, digital wallets, and individual users) in a safe and timely manner.


In the traditional money-issuer ecosystem, the minter would ship the coins or paper money to the central banks, and then the central banks would put these notes into circulation or withdraw them from circulation. S3 is offering the same service using blockchain technology.

After distribution, S3 ensures the smooth circulation of stablecoins in the tokenized money ecosystem. This includes managing transactions, providing security measures, and ensuring the seamless flow of stablecoins in the market. S3’s efficient circulation process promotes widespread use of stablecoins and fosters a healthy tokenized money ecosystem.

As such, S3—mining, distributing, and circulating—is singlehandedly handling one of the biggest challenges related to money management. By doing this, S3 allows issuers, whether central banks, retail banks, or private sector players, to focus on their core business activities. 


But the financial monetary ecosystem does not stop at circulation; payments are a main component. Once again, S3 is able to assist traditional financial institutions such as banks, credit unions, and even payment solution providers by offering an additional payment layer for stablecoin transactions.

The robust solution solves the slowness and high costs associated with traditional providers. In short, S3, by handling the payment layer, allows these financial institutions to offer more competitive services.

S3 takes a step further in this direction with the creation of a mobile wallet called Walletify, making the process of settling payments even more user-friendly for daily payments. The wallet, which is easy to use, allows for the onboarding of more people and merchants. Walletify enabled users and merchants to engage in swift, secure, and cost-effective transactions.

By connecting with local stablecoins, Walletify ensures that users can transact in tokenized money that is tied to their local economy, thus providing the stability and familiarity of their national currency while reaping the benefits of tokenized money transactions.


In conclusion, S3’s offering has rid financial institutions of the hassle of minting, distributing, circulating, and settling CBDCs, or stablecoins. This comes at an opportune time, not only in developed countries of the world where governments are trying to ensure financial stability while allowing for competition and innovation but also in emerging countries where mobile money accounts supersede bank accounts and where crypto-powered remittance payments gain momentum. 

S3 does all this while encompassing regulatory compliance regulations and legal considerations.