Elixir announces deUSD as sole support for Sei’s native yield stablecoin fastUSD

According to TechFlow, the modular DeFi protocol Elixir announced that deUSD will be the only support for Sei's native yield stablecoin fastUSD.

It is reported that deUSD is a decentralized synthetic US dollar asset launched by Elixir, and fastUSD is an over-collateralized native yield stable asset with deUSD as the only support.

Powered by Elixir’s network infrastructure on Sei, fastUSD aims to provide the ecosystem with a new unified and natively yielding core liquidity component, improving DEX liquidity, composability with the Elixir protocol, simplifying liquidity configuration for order books, and seamlessly integrating multiple blockchains.