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Solayer Labs Launches sUSD, the First Yield-Bearing U.S. Treasury Bill-Backed Stablecoin on Solana with $5 Minimum Investment

Oct 29, 2024, 02:15 PM

Solayer Labs has launched the Solayer USD (sUSD), a U.S. Treasury Bill-backed stablecoin on the Solana blockchain. This innovative stablecoin is designed to provide users with access to tokenized real-world assets while maintaining a 1:1 peg with the U.S. dollar. The sUSD protocol is notable for being the first real-world asset-backed synthetic stablecoin, allowing users to mint sUSD from their treasury using SquadsX or swap it via decentralized exchanges (DEX). The stablecoin is also yield-bearing, generating returns through investments in U.S. Treasury Bills. Users can now buy or sell sUSD on various platforms, including Amber Group's OTC desk. The launch aims to enhance accessibility to high-yield opportunities in on-chain finance, with a minimum investment requirement of just $5.