The Solana re-staking protocol Solayer recently announced that it has partnered with RWA (Real World Assets) tokenization platform OpenEden to launch the first synthetic stablecoin sUSD backed by real-world assets. What are the highlights? (Background: Coinbase's foray into RWA) Planned launch of tokenized funds, BlackRock's BUIDL scale has exceeded $520 million) (Additional background: Tether proposed to 'tokenize' boron mines in Turkey and establish a cryptocurrency exchange in Istanbul) The re-staking protocol Solayer on the Solana public chain announced on October 29 via social platform X that it has collaborated with RWA (Real World Assets) tokenization platform OpenEden to launch the first synthetic stablecoin sUSD supported by real-world assets: Today we unveil the Solayer USD protocol, the first RWA-backed synthetic stablecoin that anyone with $5 can access tokenized real-world assets. 1/ today, we unveil the Solayer USD (#sUSD) protocol the first RWA-backed synthetic stablecoin anyone with $5 can access tokenized real-world assets, starting with U.S. Treasury Bill, now live on @Solana in partnership with @OpenEden_Labs > https://t.co/Oeu66HNOQd pic.twitter.com/TzkpSBM1Dz — Solayer (@solayer_labs) October 29, 2024 What is sUSD? According to the Solayer official website, sUSD is the first income-generating stablecoin on Solana pegged 1:1 to the US dollar and backed by U.S. Treasury bonds. Its issuance method is: sUSD will operate using Solayer's RFQ (Request for Quote) protocol, where users only need to deposit USDC to submit quotes in the market, and the Solayer system will automatically match users with qualified tokenization institutions. Once matched successfully, these tokenization institutions will bring U.S. Treasury bonds on-chain to generate sUSD, which is also referred to by Solayer as a Liquid RWA Token (LRT). Solayer emphasizes that through the above issuance method, sUSD will be a completely decentralized stablecoin product, and sUSD will also have the following features: The minimum deposit threshold for users is $5, and Solayer aims to break the barrier that only large institutions can participate in the RWA tokenization market. Since sUSD is backed by U.S. Treasury bonds, users holding sUSD can enjoy an annual yield of 4.33% just like earning interest on bank deposits; at the same time, Solayer's SPL Token 2022 expansion feature will also provide sUSD with interest calculation capabilities that grow over time and will be adjusted automatically to ensure sUSD maintains a value pegged 1:1 with the U.S. dollar. The fifth phase of sUSD will launch at 10:00 PM Taiwan time on October 30, with a issuance cap of $20 million. As a reward for participation, users whose first deposit reaches $10,000 will receive a 10x yield bonus; additionally, OpenEden will provide extra rewards for users in this collaboration. How to participate in the issuance of sUSD? According to Solayer, the steps to participate in the issuance of sUSD are: Visit app.solayer.org; Deposit USDC to receive sUSD; Hold sUSD in your wallet to enjoy a 4.33% annual yield (paid in USDC); and in the future, you can also receive exo AVS delegation rewards. Related reports How Chainlink liberates capital market tokenization functions through CCIP and staking? A look at global RWA tokenization: Key players and future trends Traditional finance surrenders! The multinational remittance leader Swift is developing 'blockchain transfer', possibly connecting RWA and tokenized assets based on Ethereum. "Re-staking protocol Solayer launches new 'stablecoin sUSD': Enjoy stable returns from RWA U.S. Treasury bonds, minimum threshold 5 USDC" This article was first published on BlockTempo (Blockchain Trends - the most influential blockchain news media).