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fastUSD Launches on Sei

Twitter icon  •  Published 1 year ago on October 17, 2024  •  Hassan Maishera

On Wednesday, the Sei team announced via X that fastUSD is now live on the Sei blockchain.

fastUSD Launches on Sei

On Wednesday, the Sei team announced via X that fastUSD is now live on the Sei blockchain. Powered by Elixir, fastUSD is a yield-bearing stablecoin integrated with DragonSwap and JellyVerse. 

These integrations set the foundation for many DeFi applications, offering greater composability and liquidity provisioning for Sei’s DEXs.

Sei is a high-speed Layer 1 blockchain tailored for the digital asset boom, from NFTs to DeFi. The blockchain intends to unlock a brand-new design space for consumer-facing applications. Its native coin, SEI is down 1% in the last 24 hours and is now trading at $0.4399 per coin.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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