Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
P2P Loan
Grow your wealth in fiat investment
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
2026 World Cup
Rewards

Somnia L1 Blockchain Launches USDso Stablecoin With 90% Revenue to DeFi Protocols

GateNews
Project ProgressToken Events

According to ChainCatcher, Somnia L1 blockchain announced the launch of its ecosystem stablecoin USDso, issued and operated by decentralized stablecoin protocol Frax Finance based on frxUSD architecture.

USDso operates under an over-collateralized model backed by U.S. Treasury securities and other assets, and can be minted 1:1 with USDC and similar assets. The stablecoin's revenue distribution mechanism channels reserve earnings back into the ecosystem, with 90% allocated to DeFi protocols and 10% directed to an insurance fund.

View Source
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

05-05 11:51
Polygon Launches Private Stablecoin Payments on May 4, Using Hinkal Privacy Protocol
05-05 02:22
Polygon Launches Private Stablecoin Payments for USDC and USDT on Monday
05-04 21:45
Western Union Launches USDPT Stablecoin on Solana, Issued by Anchorage
05-04 11:57
Western Union Launches USDPT Stablecoin on Solana, Issued by Anchorage Digital Bank
05-04 10:01
Visa Adds 5 Blockchains to Stablecoin Settlement Pilot, Expanding Support to 9 Chains on April 29
In-Depth Analysis

Shopify, National Bank of Canada Back CADD Stablecoin for 24/7 Settlement

Crypto Frontier05-05 10:37

South Korea Pushes Won Stablecoin After $115B Move to Dollar-Backed Tokens

CryptoFrontNews05-05 09:11

Tetra Trust Launches CADD Stablecoin With Shopify, National Bank of Canada

Crypto Frontier05-05 04:35
Comment
0/400
No comments