Launch of SUUSD – A Stablecoin That Pays You to Hold
SUUSD is a new stablecoin that offers users the ability to earn yield simply by holding the coin. This innovative approach to yield-bearing stablecoins was introduced by the Sunami Network, a blockchain platform based in Lisbon, Portugal.
SUUSD combines the stability of a traditional stablecoin pegged to the US dollar with the added benefit of passive income generation for holders. By introducing this new model, the Sunami Network aims to provide users with a more rewarding experience when holding stablecoins.
The launch of SUUSD took place on July 22nd, 2024, and has been covered by various crypto news outlets such as Crypto Daily, Crypto Adventure, Markets Insider, and The Defiant. As a new entrant in the stablecoin market, SUUSD presents an exciting opportunity for users to earn yield while maintaining the stability of their holdings.