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Sei Introduces its Native fastUSD Stable Asset

Twitter icon  •  Published 4ヶ月前 on September 6, 2024  •  Hassan Maishera

On Thursday, the Sei team announced the launch of fastUSD, the new native yield-bearing stable asset of Sei.

Sei Introduces its Native fastUSD Stable Asset

On Thursday, the Sei team announced the launch of fastUSD, the new native yield-bearing stable asset of Sei. fastUSD was launched by Elixir as it is powered by the launch of Elixir's network infrastructure on Sei.

fastUSD offers a new unified and natively yield-bearing core liquidity component within the ecosystem. Sei added that fastUSD boosts liquidity for orderbook DEXs, seamlessly integrates with multiple blockchains, simplifies liquidity provisioning for order books, and enables Sei DEXs to integrate Elixir Protocol. 

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 $0.2683 per coin.

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Author

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.