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Wormhole Now Powers Solayer’s $sUSD Cross-chain Deposit

Twitter icon  •  Published 1 year ago on February 17, 2025  •  Hassan Maishera

On Friday, the Wormhole team announced via X that Wormhole now powers Solayer’s $sUSD cross-chain deposit.

Wormhole Now Powers Solayer’s $sUSD Cross-chain Deposit

On Friday, the Wormhole team announced via X that Wormhole now powers Solayer’s $sUSD cross-chain deposit. This enables seamless access to $sUSD with an optimized flow. $sUSD is the first-ever yield-bearing stablecoin on Solana pegged to USD and backed by T-bills.

Developed with Mayan and powered by Wormhole, this integration facilitates accessibility to the RWA ecosystem at scale.

Wormhole is a decentralized bridge between blockchains that enables the transfer of assets and data across different blockchain networks. It aims to facilitate interoperability and expand the capabilities of blockchain technology. W is trading at $0.1740, down 1.5% in the last 24 hours.

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Hassan Maishera Senior Reporter

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.