Solayer, OpenEden launch Treasury-backed stablecoin on Solana

Solayer says anyone can mint the yield-bearing sUSD token with at little as $5 in USDC. 

Solayer and OpenEden are launching a yield-bearing stablecoin on Solana (SOL) backed by United States Treasury bills, according to an Oct. 28 announcement.

Dubbed sUSD, the stablecoin is the first of numerous tokenized real-world assets (RWAs) Solayer plans to launch on Solana, the company said in a post on the X platform.

“[A]nyone with $5 can access tokenized real world assets, starting with US Treasury Bill[s],” Solayer said. 

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