Recently, stablecoins have been very popular, as everyone knows. The Hong Kong stock stablecoin sector has surged recently, and everyone is familiar with Circle's stock, which has hit new highs after its issuance. Today, I would like to introduce you to a stablecoin project, sUSD, which may soon become the mainstream on-chain dollar.
sUSD is the first income-generating stablecoin in the Solayer ecosystem, and Solayer is a blockchain project built on the Solana chain aimed at solving ecological scalability and shared security issues. In January of this year, it officially released its infiniSVM white paper, proposing the construction of a new generation high-performance public chain that supports over 1 million transactions per second, hardware acceleration, and SVM compatibility. With such a public chain foundation and a stablecoin tool pegged to the US dollar and backed by US Treasury bonds, what sparks will it bring to blockchain finance?
First, the income-generating aspect of sUSD may bring stronger financial attributes to blockchain finance.
sUSD is backed by US Treasury bonds, which aligns closely with the recently much-discussed US stablecoin legislation. The legislation requires stablecoin reserves to be composed of 100% cash, US government bonds, and other highly liquid assets, which will automatically satisfy the regulatory requirements for sUSD once the legislation takes effect. Many existing stablecoins do not generate income, while sUSD can generate an annual yield of 4-5% through US Treasury bonds, making it highly attractive to both users and institutions. Solayer has also collaborated with projects like Wormhole to enable sUSD to circulate across multiple blockchains, enhancing its compatibility and liquidity.
Secondly, the high performance brought by infiniSVM provides the technical foundation for low latency and high throughput in sUSD applications. #Solayer无限硬件加速
infiniSVM is Solayer's hardware acceleration architecture designed to infinitely expand the capabilities of Solana SVM. It aims to achieve a transaction speed of 1 million per second and network bandwidth of over 100Gbps through a series of technologies such as SDN and InfiniBand. How can we understand these technologies and numbers? Solayer collaborates with mobile payment platforms in Africa, allowing users to exchange sUSD for local currency. With the high-performance support of infiniSVM, users can enjoy quick confirmations and extremely low transaction fees—only one-tenth of traditional mixed fund fees. This brings stronger competitiveness to sUSD in the stablecoin market, especially during peak trading periods and in transactions that require rapid execution, ensuring it maintains a leading position.
Finally, the mediating role of the Emerald Card.
Emerald Card allows users to use cryptocurrencies for consumption globally, especially sUSD. Users' funds are not deposited in banks or centralized organizations, giving them complete control over their funds. By holding this card as a medium, in a situation where more and more businesses accept crypto payments, users can directly spend sUSD, exchange it for local fiat currency, or withdraw cash from ATMs, not to mention the yield-generating DEFI attributes it holds. Thus, it possesses all the functionalities of traditional financial media while being faster, cheaper, and more profitable, serving as a super financial medium.
With the support of tools, technologies, and media, Solayer has further broken the speed of transactions, which is already incomparable to the transaction efficiency of traditional finance. Compared to other on-chain sending efficiencies, the concept of transaction speed per second becomes meaningless for sUSD. In the expansion of the Solana ecosystem, sUSD will further strengthen the borderless barriers of blockchain finance, allowing crypto residents from all over the world to enjoy instant and low-cost settlements through sUSD. infiniSVM and Emerald Card continuously assist sUSD in becoming the mainstream on-chain dollar, and Solayer is gradually becoming a small reflection of the future development of blockchain finance.