Solana

<p>Date: Tue, Oct 29, 2024, 02:44 AM GMT</p><p>The world of stablecoins just took a leap forward today with the launch of <strong>sUSD</strong>, a fully decentralized, U.S. Treasury-backed stablecoin, brought to life by <a href="https://solayer.org/resources/blogs/susd-the-first-rwa-backed-synthetic-stablecoin-to-secure-the-open-internet" rel="noopener noreferrer nofollow">Solayer Labs</a> on the Solana blockchain. This launch aligns with Solayer Labs&#39; mission to bridge digital assets with real-world financial infrastructure, bringing accessible, stable value to the Solana ecosystem.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/d5fdea3e035845ec844457531ff6ceee.png" />Source: X</p><h3 id="why-susd-matters">Why sUSD Matters</h3><p>Stablecoins have become a cornerstone of the cryptocurrency ecosystem, offering stability in a notoriously volatile market. However, most stablecoins still rely on traditional banking infrastructure, tethering them to centralized entities. Solayer Labs&#39; sUSD, however, introduces a new model: it’s decentralized, non-custodial, and directly backed by real-world assets, starting with U.S. Treasury Bills. This setup is designed to stay true to the original ethos of cryptocurrency — providing financial freedom and access without intermediaries.</p><h3 id="bringing-real-world-assets-on-chain">Bringing Real-World Assets On-Chain</h3><p>Solayer Labs launched sUSD to address one of crypto’s key challenges: bridging the gap between blockchain technology and traditional financial assets. Built on Solana, sUSD provides access to real-world assets (RWAs) by using Treasury Bills as its initial collateral, with plans to include other stable assets like gold and oil in the future.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/08bc5e32ae654e229e9ccf0cef2a6817.plain" />Source: Solayer</p><p>This launch represents a major milestone in the effort to bring tangible, low-risk assets onto blockchain networks, empowering anyone with an internet connection to access dollar-denominated instruments with stable yields.</p><h3 id="how-susd-works">How sUSD Works</h3><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/08b7ebccd5a645bf8d3a5c7d56785d08.plain" />Source: Solayer</p><ol><li><strong>Decentralized RFQ Marketplace</strong>: sUSD operates on Solayer&#39;s RFQ (Request for Quote) protocol, a decentralized marketplace where users can mint sUSD by converting USDC. Tokenizers and liquidity providers optimize yield within a fully automated, non-custodial environment.</li><li><strong>Accessible to All</strong>: sUSD is designed to be accessible for anyone, even those with as little as $5. By democratizing access to stable, Treasury-backed returns, sUSD makes it easier than ever for average users to participate in decentralized finance.</li><li><strong>Yield Directly to Holders</strong>: Unlike centralized stablecoins where yield from Treasury holdings goes to the issuers, sUSD holders receive this yield directly in the form of USDC, providing an effortless, on-chain savings option.</li></ol><h3 id="securing-the-solana-ecosystem">Securing the Solana Ecosystem</h3><p>Beyond individual benefits, sUSD will play a broader role within Solana&#39;s decentralized ecosystem. It is designed to act as collateral in Solana’s Proof of Stake network, adding another layer of economic security to the blockchain. This Treasury-backed stability could help support various Solana-based Layer 2s, bridges, and oracle networks by enhancing overall network security.</p><h3 id="how-to-get-started-with-susd">How to Get Started with sUSD</h3><p>Solayer Labs has made it simple for anyone to participate in the sUSD ecosystem. Here’s how to get started:</p><ol><li><strong>Convert stablecoins into USDC.</strong></li><li><strong>Visit the Solayer app at app.solayer.org.</strong></li><li><strong>Deposit USDC to mint sUSD, which will be added to your wallet.</strong></li><li><strong>Earn an annual yield of 4.33% in USDC, paid directly from Treasury Bill holdings.</strong></li><li><strong>Stay tuned for upcoming rewards, including the exo AVS delegation reward.</strong></li></ol><h3 id="a-new-era-for-stablecoins-on-solana">A New Era for Stablecoins on Solana</h3><p>sUSD marks a transformative step in the stablecoin space by marrying the stability of real-world assets with the decentralization of blockchain technology. For Solana, this launch strengthens its position as a leading platform for decentralized finance and real-world asset integration.</p><p>As Solayer Labs continues to innovate, sUSD stands as a promising tool for anyone seeking a secure, Treasury-backed dollar asset in the crypto space. With sUSD, the Solana ecosystem gains a new dimension, one where decentralized finance and traditional finance are more seamlessly intertwined than ever before.</p><p><strong>Also Read: </strong><a href="https://coinsprobe.com/ethena-ena-gains-bullish-momentum-following-falling-wedge-breakout-whats-next/" rel="noopener noreferrer nofollow">Ethena (ENA) Gains Bullish Momentum Following Falling Wedge Breakout: What&#39;s Next?</a></p>

Solana Gets a Treasury-Backed Stablecoin as Solayer Labs Launches sUSD

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