Solayer USDSUSD Price Today
0.04%
Solayer USD (SUSD) Price Overview
As of now Solayer USD SUSD is trading at $1.110196, reflecting a 0.04% increase over the past 24 hours.
The 24-hour trading volume for SUSD is $15.4K, an increase of 0.04% from yesterday.
Its current market capitalization is approximately $9.3M. Liquidity across major Solana DEXes is currently at $1.7M.
SUSD is actively traded in Solflare wallet. The token is verified according to Solana's token registry. This token can be swapped instantly on Solflare for any other supported asset. You can also set advanced limit orders for this token directly within the Solflare wallet, allowing you to automate trades based on your chosen price targets.
Solayer USD (SUSD) is a Solana-based token that is also regarded as an altcoin in the broader cryptocurrency market. Whether used as a stable asset or a tradable cryptocurrency, this altcoin benefits from Solana's high-performance blockchain, giving traders and investors access to fast transactions and low fees.
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About Solayer USD SUSD
sUSD is the first ever yield-bearing stablecoin on Solana that is pegged to the U.S. dollar and backed by U.S. Treasury Bills (T-bills). This ensures that sUSD maintains a 1:1 peg with the U.S. dollar while simultaneously generating a 4% yield through T-bills, one of the safest short-term government debt instruments. By serving as a reference implementation for the token 2022 interest-bearing extension, sUSD reinforces the stability of its 1:1 USD peg. The sUSD pool makes yield generation more accessible and efficient for the stablecoin ecosystem. The interest on sUSD is distributed through automatic balance updates, allowing users to accumulate an annual yield of approximately 4% based on T-bill yield simply by holding sUSD. The underlying USD value of sUSD holding can be redeemed any time via the Solayer dashboard.
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