A new stablecoin player has entered the Solana ecosystem. Kamino's USD1 is officially launched, a dollar-pegged stablecoin that promises 1:1 redemption for USD, backed by 100% asset reserves—primarily invested in US government money market funds and cash equivalents.
What does this mean? Users can now directly use USD1 for lending operations and other DeFi interactions on the Solana chain. For the entire Solana ecosystem, this adds another stablecoin option, effectively increasing the ways funds can be utilized. In the increasingly competitive stablecoin market, the addition of such products enriches the ecosystem's financial primitives.
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gas_fee_therapist
· 9h ago
Another stablecoin? Why does it feel like there's an oversupply? No one is using it anyway.
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SchrodingerWallet
· 9h ago
Another stablecoin, so annoying. Will it last more than half a year this time?
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WagmiOrRekt
· 9h ago
SOL ecosystem stablecoin adds one more, but to be honest, USDC and USDT have been everywhere for a long time. Can USD1 break through?
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PumpBeforeRug
· 9h ago
Solana stablecoin +1 again, but honestly, who still truly believes in 100% reserves these days?
A new stablecoin player has entered the Solana ecosystem. Kamino's USD1 is officially launched, a dollar-pegged stablecoin that promises 1:1 redemption for USD, backed by 100% asset reserves—primarily invested in US government money market funds and cash equivalents.
What does this mean? Users can now directly use USD1 for lending operations and other DeFi interactions on the Solana chain. For the entire Solana ecosystem, this adds another stablecoin option, effectively increasing the ways funds can be utilized. In the increasingly competitive stablecoin market, the addition of such products enriches the ecosystem's financial primitives.