Solana launched sUSD stablecoin with yield of 4-5%

The Solana platform has introduced sUSD (Solayer USD) — a groundbreaking stablecoin backed by U.S. Treasury bonds. This first synthetic RWA (Real World Assets) stablecoin not only maintains a stable 1:1 exchange rate with the U.S. dollar but also offers an annual yield of 4-5%, making it more appealing than traditional stablecoins (challenging times seem to be ahead for Tether).

This intriguing stablecoin was created by Solayer in partnership with OpenEden — the first and only tokenized asset platform with a credit rating of "A" from Moody's. OpenEden has attracted over $150 million in institutional liquidity on Ethereum.

The sUSD (Solayer USD) stablecoin operates on the Solayer RFQ (Request for Quote) protocol — a fully automated market ensuring alignment between USDC offers and qualified tokenizers.

Key Features of sUSD

1. Accessibility: sUSD enables access to tangible assets, including short-term U.S. government bonds, with minimal investment (starting from $5). Over time, there are plans to expand investment opportunities in other low-risk assets such as oil and gold.
2. Flexibility: Users can instantly exchange sUSD for USDC, making it convenient for everyday transactions.
3. Continuous Income: sUSD automatically accumulates 4.33% in USDC through U.S. government bonds without the need for minting or staking. User balances increase over time, akin to bank interest, thanks to SPL Token technology 2022.
4. Security and Reliability: sUSD is backed by real infrastructure and serves as collateral for systems using Proof-of-Stake (PoS). It helps maintain off-chain systems that operate alongside Solana, such as bridges, oracles, and Layer 2 networks.
5. Integration: sUSD is immediately integrated with Solana's decentralized finance (DeFi) protocols.

It is expected that sUSD will become a stable foundation for decentralized financial protocols on Solana, reducing risks for borrowers and lowering interest rates. This coin has significant potential to attract new users to the Solana ecosystem by providing a stable income with low risk.

• Users gain access to a profitable stablecoin with advantageous exchange rates.
• Market makers can earn fees for providing liquidity.
• The Solana ecosystem will experience increased liquidity and enhanced price dynamics due to decentralized competition.

Source: Solayer