Solayer has made waves in the DeFi space with the launch of sUSD, a novel stablecoin designed to offer a more secure and transparent alternative to existing stablecoins. Built on Solana, sUSD is collateralized by US Treasury bills and employs a unique non-custodial request-for-quote (RFQ) market to govern its supply.
To mint sUSD, users must submit a request with a USDC deposit. This request is then matched with qualified RWA tokenizers through a specialized mechanism. Once matched, new sUSD tokens are minted and sent to the user. This process ensures that the supply of sUSD is always backed by the underlying collateral.
By leveraging Solana’s high performance and the security of US Treasury bills, sUSD offers a compelling proposition for users seeking a stable and decentralized store of value.