Solayer Launches sUSD, a Stablecoin Backed by U.S. Treasury Bills
Solayer, a pioneering platform in the field of Re-staking on Solana, has recently launched a stablecoin for staking activities on the Solana blockchain. This stablecoin is supported by U.S. Treasury bills.
On October 1st, Solayer officially launched the Solayer USD protocol (#sUSD), marking the first synthetic stablecoin backed by real-world assets (RWA). Now, anyone with $5 can access tokenized real-world assets, beginning with U.S. Treasuries, thanks to Solayer’s partnership with OpenEden Labs on Solana.
Launch Details:
Epoch 5 begins officially on October 30 at 7 AM PST (2 PM UTC).
sUSD Minting Cap: $20 million.
First $10,000 deposits receive a 10x boost.
Additional OpenEden compounding boost.
Core Principles:
Stablecoins, the most compelling PMF in crypto, need to be independent of traditional banking infrastructure.
Crypto must integrate real-world assets on-chain to achieve mainstream adoption.
#sUSD – A Fully Decentralized Stablecoin:
Bringing real-world assets on-chain for secure and robust on-chain and off-chain systems on Solana.
The sUSD protocol operates as a non-custodial Request for Quote (RFQ) marketplace. Only holders can mint or redeem sUSD.
USDC deposits form a quote and, via our matching engine, are allocated to various eligible RWA tokens.
sUSD is then minted for users, with Solayer terming it an LRT (Liquid RWA Token) stablecoin, linked to a basket of tokenized RWAs.
sUSD Democratizes Access to Real-World Assets:
With as little as $5, users can access U.S. short-term Treasury Bills and, eventually, other low-risk RWAs like gold.
Instant convertibility to USDC makes sUSD highly flexible and user-friendly.
sUSD currently yields a 4.33% U.S. Treasury bill interest rate, paid in USDC.
No minting or staking is required, and balances grow over time.
sUSD – Security and Stability:
Like sSOL, sUSD is secured on the open internet, underpinned by real-world infrastructure designed as PoS collateral.
It secures off-chain systems that run parallel to Solana, such as bridges, oracles, and L2 networks.
Launch Partner: OpenEden Labs:
OpenEden is the first and only RWA tokenization firm rated by Moody’s.
Over $150 million in qualified institutional liquidity has been deployed via OpenEden on Ethereum.
OpenEden is offering incentives for sUSD depositors.
#cypherpunk meets #wallstreet
sUSD introduces a novel way to connect the real and digital worlds, allowing anyone, regardless of financial background, to access tokenized real-world assets. This development is a breakthrough for the future of decentralized finance.
