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US GOVERNMENT RUNS AMOK: Solayer & OpenEden Unleash ‘Stablecoin’ That’s Actually Just Wild West Code Backed by Treasury Bills – Your Wallets Will HATE This

An illustration depicts a wanted poster featuring a silhouette of a person holding a briefcase made out of dollar bills, surrounded by chaotic computer screens displaying code snippets in the background. The Solana blockchain network is represented as a sprawling cityscape with skyscrapers labeled 'SOL' and 'USDT', while Treasury Bills are shown as stacks of cash on fire.

When you think ‘stablecoin’, do you picture a tranquil lake or the Wild West? Because that’s what Sollayer & OpenEden just unleashed – sUSD, aka liquid RWA token (LRT), backed by US Treasury bills on the wild west of blockchain. Yep, because nothing says stability like a bunch of code and some government-backed IOUs.

Source: cointelegraph

Solayer and OpenEden are launching a yield-bearing stablecoin on Solana (SOL) backed by United States Treasury bills, according to an Oct. 28 announcement. Dubbed sUSD, the stablecoin is the first of numerous tokenized real-world assets (RWAs) Solayer plans to launch on Solana, the company said in a post on the X platform. “[A]nyone with $5 can access tokenized real-world assets, starting with US Treasury Bill[s],” Solayer said.  Solayer is a […]

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