PANews reported on October 30 that according to Cointelegraph, Solana Ecosystem Re-Pledge Protocol Solayer and RWA Project OpenEden announced that they are launching a stablecoin on Solana that is backed by U.S. Treasuries and generates income. The stablecoin is called sUSD and is the first of many tokenized real-world assets (RWA) that Solayer plans to launch on Solana. Solayer said: "Anyone with $5 can get access to tokenized real-world assets, starting with U.S. Treasuries."
Solayer and OpenEden Launch sUSD, a Yield-Producing Stablecoin Backed by US Treasuries on Solana
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