Solayer and OpenEden have announced the launch of a yield-bearing stablecoin, sUSD, on the Solana blockchain. This stablecoin is backed by United States Treasury bills and is designed to be accessible to investors with modest capital, starting with as little as $5 in USDC. sUSD is the first of several tokenized real-world assets (RWAs) that Solayer plans to launch 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.
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.
