Solayer, OpenEden announces Treasury-Backed Stablecoin on Solana

The sUSD protocol operates as a request for quote (RFQ) marketplace, where users deposit USDC and are matched with tokenized RWAs to receive sUSD, which Solayer refers to as a liquid RWA token (LRT). This allows users to access the benefits of real-world assets, such as stable yields and low risk, without having to invest large amounts of capital.

5/ sUSD protocol is a non-custodial Request-For-Quote (RFQ) marketplace – only owners can create or destroy sUSD

USDC deposits are created into quotes, and through our matching engine, is sent across different qualified RWA tokenizers

then, sUSD is minted back to the users

we… pic.twitter.com/RLOBhiMT9Y

— Solayer (@solayer_labs) October 29, 2024

Solayer, a Solana-based restaking protocol, has facilitated nearly $300 million in restaked total value locked (TVL) to date. OpenEden, a specialist in RWA tokenization, has extensive experience in tokenizing real-world assets and bringing them to the blockchain.

The launch of sUSD is a significant milestone for both Solayer and OpenEden, as it opens up access to tokenized real-world assets for a wider range of investors. This could potentially drive growth in the tokenized RWA market and bring new opportunities to the Solana ecosystem.

Trump-Backed World Liberty Financial Partners with Bonk and Raydium to Strengthen Solana Ecosystem

World Liberty Financial (WLFI) — the cryptocurrency initiative associated with U.S. President Donald Trump — has announced a major expansion into the Solana blockchain through new collaborations with Bonk and Raydium, two key players in Solana’s DeFi ecosystem. The partnership aims to integrate…

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