Solayer USD SUSD
Rank #1567$1.11
-0.06%
CoinGecko · just now
24h
-0.06%
7d
-0.05%
30d
+0.10%
1y
+0.00%
Solayer USD Statistics
- Market Cap
- $5.54M
- 24h Volume
- $1,626
- 24h High
- $1.11
- 24h Low
- $1.10
- Circulating Supply
- 4,991,787.828 SUSD
- Max Supply
- Unlimited
- All-Time High
- $1.16
- All-Time Low
- $0.9997
About Solayer USD
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.
Frequently Asked Questions about Solayer USD
What is Solayer USD (SUSD)?
Solayer USD (SUSD) is a cryptocurrency that can be traded on various exchanges. It has a current market capitalization of $5.54M, making it one of the notable digital assets in the crypto market.
What is the current price of Solayer USD?
The current price of Solayer USD (SUSD) is $1.11. Prices update in real-time based on market activity across major cryptocurrency exchanges.
Where can I buy Solayer USD?
You can buy Solayer USD (SUSD) on major cryptocurrency exchanges such as Binance, Coinbase, and Kraken. Always use a reputable exchange and enable two-factor authentication to secure your account.
Is Solayer USD a good investment?
Whether Solayer USD is a good investment depends on your financial goals, risk tolerance, and research. Cryptocurrency markets are highly volatile. Always do your own research and consider consulting a financial advisor before investing.
