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CoinGape 2024-10-29 15:40:55

Solayer Labs Launches US Treasury Bill-Backed sUSD Stablecoin on Solana

The leading re-staking protocol on Solana, Solayer Labs, has revealed yet another native asset to its portfolio. Following its attainment of $200 million in total value locked last month, the protocol introduced $sUSD, a yield-bearing stablecoin. In collaboration with OpenEden, a tokenized Treasury Bill issuer, $sUSD allows users to earn yield on $USDC deposits. The The post Solayer Labs Launches US Treasury Bill-Backed sUSD Stablecoin on Solana appeared first on CoinGape .

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