USD.AI Expands Stablecoin Reach to Solana Blockchain
USD.AI has expanded its reach to the Solana blockchain, bringing its two tokens, USDai and sUSDai, to the platform. The move allows users to access these stablecoins on a new network, with both tokens now supporting cross-chain transfers via the Omnichain Fungible Token (OFT) standard.
Approximately 8.43 million sUSDai, valued at around $9.39 million, were transferred over to Solana within hours of going live, along with $372,000 in decentralized exchange trading volume over the first 24 hours.
The rollout covers both of USD.AI's core products: USDai, which can be minted using existing stablecoins, and sUSDai, the staked version that earns yield from interest paid on loans issued by the protocol. The transfers are facilitated through LayerZero for cross-chain movement within the EVM-compatible chains.
Users taking advantage of the new routes should confirm the official token addresses before transacting, as lookalike tokens can be a hazard on any newly supported chain.