Kamino brings USD1 stablecoin to Solana's lending ecosystem. What makes USD1 stand out? It's pegged 1:1 to the U.S. dollar with full backing from U.S. government money market funds and cash reserves—so you know exactly what you're holding.
The integration means you can now use USD1 for both lending and borrowing directly on Kamino. Whether you're looking to earn yield on your stablecoin holdings or need liquidity against USD1 collateral, the protocol now supports both sides of that equation on Solana.
With a fully-backed stablecoin hitting the lending market, DeFi users on Solana have another solid option for stable value transactions and yield strategies.
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ApeWithNoFear
· 11h ago
Is there a new stablecoin in the Solana ecosystem? Honestly, I've heard the "fully-backed" selling point several times, but in the end, it still depends on on-chain data to speak for itself.
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VitalikFanAccount
· 11h ago
Another stablecoin, but this time backed by the U.S. government, making it more reliable... The Solana ecosystem has become even more vibrant.
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Rugpull幸存者
· 11h ago
Another stablecoin, is this time really backed by the US government? Feels like the same old trick.
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SnapshotDayLaborer
· 12h ago
Another stablecoin, Solana is really competitive in this space.
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LightningSentry
· 12h ago
Solana has another stablecoin option, but to be honest, I'm tired of the fully backed narrative... The real key is how much yield it can offer.
Kamino brings USD1 stablecoin to Solana's lending ecosystem. What makes USD1 stand out? It's pegged 1:1 to the U.S. dollar with full backing from U.S. government money market funds and cash reserves—so you know exactly what you're holding.
The integration means you can now use USD1 for both lending and borrowing directly on Kamino. Whether you're looking to earn yield on your stablecoin holdings or need liquidity against USD1 collateral, the protocol now supports both sides of that equation on Solana.
With a fully-backed stablecoin hitting the lending market, DeFi users on Solana have another solid option for stable value transactions and yield strategies.