Wu said that Sei announced the launch of the stablecoin fastUSD, which is technically supported by Elixir. fastUSD is the first yield-based stablecoin on Sei, and has integrated DragonSwap and JellyVerse to provide higher liquidity and composability for Sei's DEX. Cross-chain asset transfers are achieved through Hyperlane, and Redstone Oracle provides data security, further improving the stability of fastUSD. Official data shows that users holding fastUSD will receive Sei token rewards and Elixir's reward plan.