PANews reported on October 29 that Solayer released the Solana-based decentralized stablecoin protocol Solayer USD (sUSD), which is the first synthetic stablecoin backed by real-world assets (RWA), allowing anyone to participate in tokenized investments in low-risk assets such as U.S. Treasuries with just $5. Solayer works with OpenEden to exchange USDC for sUSD through a non-custodial RFQ market, achieving a fully decentralized and user-owned stablecoin architecture.
sUSD is based on a basket of low-risk RWAs. It currently supports U.S. Treasury bonds and will be expanded to other assets such as gold. The annual yield is 4.33%, and the income is automatically distributed in the form of USDC without additional operations. sUSD provides users with a convenient channel to directly redeem USDC, and aims to achieve the integration of blockchain and real economy through the Solana network.
