TechFlow News: Modular DeFi protocol Elixir has announced that deUSD will serve as the sole collateral for Sei's native yield-bearing stablecoin, fastUSD.
deUSD is a decentralized synthetic U.S. dollar asset launched by Elixir. fastUSD is an over-collateralized, native yield-bearing stable asset backed exclusively by deUSD, supported by Elixir’s network infrastructure on Sei. It aims to provide the ecosystem with a new unified, yield-generating core liquidity component, further enhancing DEX liquidity, composability with the Elixir protocol, simplifying order book liquidity configuration, and enabling seamless integration across multiple blockchains.
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