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Solayer Labs Launches First Treasury Bills-backed and Yield-bearing Restaking Stablecoin On Solana Network Dubbed sUSD (Solayer USD)

  • Solayer Labs has launched a yield-bearing restaking stablecoin called Solayer USD (sUSD) on the Solana network.
  • sUSD is backed by United States short-term Treasury Bills (T-Bills) and is pegged to the US dollar.
  • Holders of sUSD earn up to a 4% yield, distributed automatically to users.
  • Solayer Labs aims to offer a unique alternative to existing stablecoins by providing yield to its holders.

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