Elixir launched the Sei chain yield stablecoin fastUSD, which has integrated multiple DeFi protocols
ChainCatcher news, Elixir launches yield-bearing stablecoin fastUSD on Sei. fastUSD has been integrated with DeFi protocols DragonSwap and JellyVerse on Sei, enabling cross-chain asset transfers via Hyperlane, with data assurance provided by Redstone Oracle.
Elixir states that holders of deUSD on the mainnet or stablecoin holders on the Sei network can now earn native yields, Elixir rewards, and liquidity Sei rewards by holding (and using) fastUSD within the ecosystem.
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