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.