Streamflow has unveiled USD+, a new stablecoin on the Solana blockchain backed by U.S. Treasury Bills, designed to distribute daily yield directly to holders' wallets. Unlike traditional stablecoins where yield is retained by issuers, USD+ passes the yield from Treasury bills on-chain to users as additional tokens, offering an estimated 3.6% APY. This stablecoin aims to maintain a $1 peg and is fully composable across the Solana DeFi ecosystem.
USD+ is targeted at Web3 companies and crypto-native investors, allowing them to earn yield on idle capital without staking or lockups. The stablecoin is powered by M0's platform, ensuring reserves are held by licensed custodians and independently verified. Streamflow plans to integrate USD+ across the Solana ecosystem, enhancing its use in lending, liquidity provision, and payments. A waitlist is open for early access to this innovative financial product.
Streamflow Introduces USD+, a Yield-Bearing Stablecoin on Solana
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