Coinspeaker
DeFi Protocol Solayer Rolls Out Native Stablecoin sUSD on Mainnet
Solayer, a decentralized finance (DeFi) protocol focused on restaking activities, has launched its native stablecoin, Solayer USD (sUSD), backed by United States Treasury bills on the mainnet.
According to a shared press release, the token will serve as the first stablecoin in the crypto industry to offer yield-bearing opportunities for holders within the Solana blockchain. Users will be able to earn up to 4% yields on their assets, which will be distributed directly to their wallet addresses.
Yield-Bearing and Restaking Features
As a yield-bearing stablecoin, sUSD aims to compete against other stablecoins such as Tether USD
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