Solayer USD(sUSD)
Market Cap$976,687
Price$1.11
Total Circulating878,476
Stablecoin Information
sUSD is a yield-bearing stablecoin on Solana that is pegged to the U.S. dollar and backed by U.S. Treasury Bills (T-bills)
Category:fiat-backed
Minting and Redemption
To mint sUSD, a user locks USDC into the system, which creates a quote. This quote specifies the USDC amount, expiry time, and commission rate. A qualified liquidity provider then fulfills the buy order by transferring out the USDC and sending back a wrapped T-Bill as proof. Based on the wrapped T-Bill, the Solayer sUSD Program mints sUSD, which remains pegged 1:1 with USD
Audits:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | -0.67% | -0.84% | -56.47% | 878,476 |