Solana launches sUSD stablecoin with a yield of 4-5%

The Solana platform has launched sUSD (Solayer USD), the first stablecoin of its kind backed by US Treasury bonds. The first synthetic RWAReal world assets-stablecoin not only maintains a stable 1:1 exchange rate against the US dollar, but can also generate 4-5% annualized yield, making it more attractive than conventional stablecoins (looks like difficult times are coming for Tether).

Solayer created this interesting stablecoin in partnership with OpenEden, the first and only tokenized asset platform with credit rating «A» from Moody’s. OpenEden has raised more than $150 million in institutional liquidity on Ethereum.

The sUSD stablecoin (Solayer USD) is based on the Solayer RFQ (Request for Quote) protocol, a fully automated marketplace that matches USDC offers with qualified tokenizers.

The main features of sUSD

1. Availability: sUSD allows you to access real assets, including short-term US government bonds, without large investments (from $5). Over time, it is planned to expand opportunities for investing in other low-risk assets, such as oil and gold.
2. Flexibilityusers can instantly exchange sUSD for USDC, making it convenient for everyday transactions.
3. Recurring income: sUSD provides an automatic accumulation of 4.33% in USDC from US government bonds without the need for minting or staking. The users’ balance grows over time, just like interest in a bank, thanks to the SPL Token 2022 technology.
4. Safety and reliability: sUSD is backed by real-world infrastructure and serves as a backing for Proof-of-Stake (PoS) systems. It helps to support off-chain systems that run in parallel with Solana, such as bridges, oracles, and L2 (layer 2) networks.
5. Integration: sUSD is immediately integrated with Solana’s decentralized financial (DeFi) protocols.

The sUSD is expected to become a stable basis for decentralized financial protocols on Solana, reducing risks for borrowers and contributing to lower interest rates. This coin is well-positioned to attract new users to the Solana ecosystem thanks to the opportunity to generate stable income with low risk.

• Users get access to a profitable, stable coin with favorable exchange rates.
• Market makers will be able to receive commissions for providing liquidity.
• The Solana ecosystem will benefit from increased liquidity and enhanced price dynamics due to decentralized competition.

Source: Solayer