TechFlow News: On May 5, the Layer-1 blockchain Somnia announced the launch of its ecosystem stablecoin, USDso, issued and operated by the decentralized stablecoin protocol Frax Finance based on the frxUSD architecture. USDso employs an over-collateralized model, backed by assets such as U.S. Treasury securities, and can be minted 1:1 against USDC and other assets. Its yield distribution mechanism channels reserve earnings back into the ecosystem—90% allocated to DeFi protocols and 10% reserved for an insurance fund. This stablecoin is designed to serve high-frequency trading, DeFi, and on-chain protocol use cases.
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