Key Takeaways
- sUSD is the primary yield-bearing stablecoin on Solana, providing a 4-5% annual yield.
- The stablecoin is backed by US Treasury Payments and leverages the OpenEden platform for enhanced safety.
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Solayer Labs has launched sUSD, the primary yield-bearing stablecoin on Solana backed by US Treasury Payments.
sUSD allows customers to earn roughly 4% in curiosity, paid instantly in USDC, with out staking or handbook processes.
Utilizing a decentralized protocol, sUSD features as a market engine, connecting USDC quotes with authorized tokenizers.This absolutely automated protocol manages minting, redemption, and matching procedures guaranteeing environment friendly, decentralized operations for customers.
By way of Solayer’s system, customers deposit USDC, which is routed to buy Treasury Payments, and obtain sUSD in return.
This setup maintains a 1:1 peg, leveraging the steadiness of Treasury Payments as safe short-term authorities debt.
As a consequence of Solana’s account mannequin, sUSD adjusts a ‘multiplier’ on holdings to mirror curiosity, enabling balances to develop mechanically at an annual yield of 4-5%—much like a checking account.
sUSD’s market leverages OpenEden, the primary tokenized RWA platform rated by Moody’s, guaranteeing institutional-level safety and oversight.
At present backed by $150 million in liquidity, OpenEden additional strengthens sUSD by permitting deposits to earn incentives on a decentralized platform.
The stablecoin additionally serves as a Proof of Stake (PoS) collateral asset, securing Solana’s decentralized functions, together with layer-two networks, bridges, and oracles.
Solayer plans to increase sUSD’s backing with a basket of low-risk property, together with real-world devices like oil and gold in future updates.
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