According to ChainCatcher, Elixir has launched the Sei-based yield-based stablecoin fastUSD. This new stablecoin 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 yields, Elixir rewards, and liquidity Sei rewards by holding and using fastUSD. This provides users with more income opportunities while also enhancing the liquidity of the Sei ecosystem.