L1 Public chain Somnia announces the launch of the ecological stablecoin USDso
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L1 Public chain Somnia announced the launch of the ecological stablecoin USDso, issued and operated by the decentralized stablecoin protocol Frax Finance based on the frxUSD architecture.
USDso adopts an over-collateralization model and is backed by assets such as U.S. Treasury bonds, allowing it to be minted 1:1 with assets like USDC. Its revenue distribution mechanism will return reserve earnings to the ecosystem, with 90% allocated to DeFi protocols and 10% for the insurance fund. This stablecoin is designed to serve high-frequency trading, DeFi, and on-chain protocol scenarios.
-- Price
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