Foresight News reports that the first RWA-backed synthetic stablecoin sUSD, issued by Solana's re-staking platform Solayer, will open for minting at 22:00 Beijing time on October 30. The initial minting cap is set at 20 million USD, and users can earn a 10x reward on their first minting of 10,000 USD. sUSD adopts the Solana Token2022 standard, allowing users to directly earn 4.33% on-chain yield by holding sUSD, with the yield coming from the U.S. Treasury RWA token collateral backing sUSD. Additionally, sUSD has the same functionality as sSOL, serving as a staking asset to enhance the stability and security of the Solana network.
Foresight News previously reported that Solayer completed a $12 million seed round of financing led by Polychain in August this year, with participation from Binance Labs, Big Brain Holdings, Hack VC, Nomad Capital, and others.
