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US Launches USD+: A New Yield-Bearing Solana Stablecoin Backed by U.S. Treasury Bills

Streamflow has announced the launch of USD+, a novel stablecoin built on the Solana blockchain designed to enable Web3 companies and crypto investors to earn yield on idle capital.

USD+ is uniquely backed by short-term U.S. Treasury Bills and allows users to receive daily yield in the form of additional tokens without the necessity of staking or locking funds.

This stablecoin marks a departure from traditional models where yield is retained by issuers; instead, USD+ aims to direct yield from Treasury bills straight to its holders, targeting an estimated annual yield of approximately 3.6%.

Additionally, USD+ is designed to maintain a stable $1 peg and is fully compatible across the Solana decentralized finance (DeFi) ecosystem.

Users will be able to seamlessly swap assets like USDC and USDT for USD+ through Streamflow’s platform, emphasizing usability and integration with popular Solana wallets.

The token's yield rate is variable and contingent on broader market conditions, offering a dynamic feature that reflects actual interest rates.

Streamflow, the driving force behind USD+, is recognized within the Solana community for its robust token management infrastructure and has supported a substantial number of projects.

With the introduction of USD+, users will gain the flexibility of a stable asset while also benefiting from on-chain yield generation.

The project is currently in the rollout phase, and interested parties are encouraged to join a waitlist for early access.

As the stablecoin landscape continues to evolve, USD+ positions itself as an innovative option for users looking to combine stability with yield in the rapidly growing Solana ecosystem.