According to ChainCatcher, Elixir has launched the Sei-based yield-based stablecoin fastUSD. fastUSD has integrated the DeFi protocols DragonSwap and JellyVerse on Sei, and achieved cross-chain asset transfers through Hyperlane, with data security provided by Redstone Oracle.

Elixir said that deUSD holders on the mainnet or stablecoin holders on the Sei network can now obtain native income, Elixir rewards, and liquidity Sei rewards by holding (and using) fastUSD within the ecosystem.