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 | |||||
|---|---|---|---|---|---|---|
| 0.00% | +0.01% | -0.31% | -14.66% | 733,527.4 |