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Stablecoin Users Are on the Rise in 2024

By Olivier Acuña | TH3FUS3 Chief Editor

July 16, 2024 02:00 AM

Reading time: 3 minutes, 6 seconds

TL;DR Stablecoins are on the rise with a 15% increase in holders in 2024. SUUSD by Sunami Network leads the way with yield-bearing features, combining liquidity and passive income. This innovation addresses low returns in the stablecoin market.

The growth of stablecoins has been a critical trend in crypto this year. As the number of stablecoin holders increased by over 15% in 2024, nearing 100 million, several new projects with transformative technological features are entering the market.

Introducing SUUSD: Liquidity and Passive Income

One such entity is yield-bearing stablecoins. These digital assets maintain a stable value while generating returns through interest or rewards. Yield-bearing stablecoins support a dual advantage of stability and passive income, addressing the challenge of low returns on stablecoin holdings.

SUUSD, a new token from Sunami Network, is leading this developing niche field of yield-generating stablecoins. The token offers liquidity and passive income, allowing users to earn annual yields by holding it.

SUUSD combines the benefits of a term deposit and a current account, serving as a versatile financial tool. Users can utilize the stablecoin as a liquid asset for payments or value storage while earning passive income.

This yield is generated from a diversified portfolio of investments in high-yield opportunities within liquidity pools and other DeFi instruments, assuring consistent and reliable returns.

Key Features of SUUSD

Liquidity and Yield

Users can earn yields without sacrificing liquidity. SUUSD allows instant access to funds, making it an ideal choice for payments and savings. This feature addresses a critical gap in the current stablecoin market, where users often choose between liquidity and earning potential. With SUUSD, they can have both.

Ease of Use

SUUSD is designed for simplicity. Users need to have specific DeFi skills to start earning. The process involves staking stablecoins and holding SUUSD, making it accessible for beginners and seasoned investors.

SUUSD has made it very easy to use to lower the entry barrier for people new to crypto and DeFi. It allows users to quickly earn yields without requiring in-depth crypto knowledge.

Security and Stability

SUUSD maintains its stability by collateralizing user-deposited assets and using a robust protocol designed to peg its value to the US dollar.

This ensures that users' investments remain secure while generating returns. The underlying technology and security measures implemented by Sunami Network add a layer of trust and reliability. Users can be confident that their assets are protected and that the stablecoin's value remains consistent.

Diversified Investment Portfolio

The yield generated by SUUSD comes from a diversified portfolio of investments, including liquidity pools and other DeFi instruments that offer high-yield opportunities.

By diversifying the sources of yield, SUUSD reduces the risk associated with relying on a single investment avenue. This approach ensures consistent and reliable returns, making it a stable investment option for users.

Flexible Earning and Control

SUUSD allows users to claim rewards anytime without withdrawing their stablecoins. This flexibility means users can benefit from passive income while retaining control over their assets.

They can redeem SUUSD for the original stablecoins at a 1:1 ratio, offering a level of control and flexibility not commonly found in other yield-generating solutions.

SUUSD exemplifies the potential of stablecoins to go beyond mere value storage.

Yield Generation and Stability

Generating yield with SUUSD involves several steps designed to maximize returns while ensuring stability. Sunami Network ensures the stability of SUUSD through a unique protocol that collateralizes user-deposited assets. Its design includes safeguards and mechanisms to maintain the US dollar peg, even in volatile market conditions.

Final Thoughts

The launch of SUUSD by Sunami Network marks an exciting milestone for the entire stablecoin market. This new stablecoin offers a blend of liquidity and passive income, catering to many users. For developers, SUUSD represents a new DeFi instrument for liquidity solutions.

For investors, it offers a mix of technologies that help mitigate risks while being a reliable store of value.

As more users adopt SUUSD, both traditional financial markets may shift towards more stablecoin-based solutions, driving greater crypto adoption.

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