TechFlow news: sUSD, the first RWA-backed synthetic stablecoin issued by Solana restaking platform Solayer, will open for minting at 10:00 PM Beijing time on October 30.
The initial minting cap is set at $20 million. Users minting up to $10,000 will receive a 10x reward. Built on Solana's Token-2022 standard, sUSD enables holders to earn an immediate 4.33% on-chain yield generated from U.S. Treasury RWA tokens backing the stablecoin. Additionally, sUSD will serve a role similar to sSOL by acting as a staking asset to enhance the stability and security of the Solana network.
It is reported that Solayer completed a $12 million seed round two months ago led by Polychain, with participation from top-tier VCs including Binance Labs, Big Brain Holdings, Hack VC, and Nomad Capital.
