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A unique stablecoin has been released on the Solana blockchain

12:15 pm, November 1, 2024

Solayer Labs has presented a new stablecoin based on the Solana blockchain, Solayer USD (sUSD), which allows users to receive passive income backed by US Treasury bills.

Thanks to automatic payments in USDC with an approximate yield of 4%, sUSD provides a simple and convenient way to invest without the need for staking or additional operations.

The sUSD project is positioning itself as a next-generation stablecoin and promises to provide users with true financial freedom through a decentralized platform.

The main goal of sUSD is to combine digital currency with real-world assets, such as bonds, real estate, and other securities, which are gradually appearing on the blockchain.

Over the past 15 years, cryptocurrencies have grown significantly, but still have a market capitalization of $ 2 trillion, which is significantly less than the $ 100 trillion stock and $ 130 trillion bond markets. To help cryptocurrencies gain more popularity, sUSD aims to create a platform that will provide users with access to «tokenized» assets.

The sUSD project has reportedly started with US Treasury bonds, but plans to add other low-risk assets such as gold and oil. Like many stablecoins, sUSD is pegged to the US dollar, but its platform provides full decentralization through the Request for Quote (RFQ) protocol, so users can exchange and store stablecoins without the involvement of traditional banking structures.

It should be added that the ability to create and exchange sUSD allows users to preserve and grow assets through an automated platform.

The minimum threshold of $ 5 allows any user to instantly buy and withdraw funds with access to real interest income.

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