Sui Partners with MoviePass to Enable USDC Payments and Takes Stake in Company

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September 18, 2024
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Sui announced it is partnering with MoviePass to allow users to pay for the movie subscription platform using USDC. As part of the agreement, the Sui Foundation will also hold a stake in MoviePass, although the terms of the deal were not disclosed. In addition to stablecoin payment functionality, Sui and MoviePass plan to offer "on-chain rewards" for user engagement, as well as features for purchasing "unique digital collectibles" and "fan staking." According to the press release, users can also help fund movies. (The Block)

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