Important points
sUSD is the first yield stablecoin on Solana, offering an annual yield of 4-5%. The stablecoin is backed by US Treasury bills and leverages the OpenEden platform for added security.
Share this article
Solayer Labs has launched sUSD, Solana’s first yield stablecoin backed by US Treasury bills.
With sUSD, users can be paid directly in USDC and earn around 4% interest without any staking or manual processes.
Using a decentralized protocol, sUSD acts as a marketplace engine, connecting USDC quotes and authorized tokenizers. This fully automated protocol manages minting, redemption, and matching procedures, ensuring an efficient decentralized operation for users.
Through Solayer’s system, users deposit USDC, which is sent to purchase Treasury bills, and receive sUSD in return.
This setup leverages the stability of Treasury bills as safe short-term government debt and maintains a 1:1 peg.
Solana’s account model allows sUSD to adjust the “multiplier” on holdings to reflect interest rates, allowing balances to grow automatically at a 4-5% annual yield, similar to a bank account .
sUSD’s marketplace leverages OpenEden, the first tokenized RWA platform evaluated by Moody’s, ensuring institutional-grade security and oversight.
Currently backed by $150 million in liquidity, OpenEden further strengthens sUSD by allowing deposits to earn incentives on a decentralized platform.
Stablecoins also serve as proof-of-stake (PoS) collateral assets, securing Solana’s decentralized applications, including layer 2 networks, bridges, and oracles.
Solayer plans to expand its support for sUSD with a basket of low-risk assets, including real-world commodities such as oil and gold, in future updates.
Share this article
