- SUUSD comes with a facility of stable pools where users can exchange the USDT for SUUSD at a 1:1 ratio.
- SUUSD has high liquidity, meaning users can directly access the funds without unstaking or converting.
- This stablecoin launched by Sunami is a yield-bearing program on the Polygon network.
The popularity of stablecoins is touching new heights with every passing day. A stablecoin is a crypto asset with value pegged to another asset to maintain a stable price. That other asset can be a fiat currency or gold.
One of the recently introduced stablecoins includes the SUUSD coin. This article will explore important information related to this newly launched stablecoin. Explore its functions and many more things.
What is SUUSD?
SUUSD is a new yield-bearing stablecoin program on the Polygon network. The Sunami Network recently launched it. A yield-bearing stablecoin is a digital asset that generates income with the help of interests and rewards while maintaining stable value.
Strategy Utility U.S. Dollar is the full form of SUUSD, with a motto of “Stablecoin that pays to hold.” By following this motto, SUUSD aims to offer users liquidity and a passive income stream without sacrificing their stable asset’s security.
Also, they can directly access the funds without unstaking or converting, as SUUSD always remains liquid. It also provides the facility of stable pools where one can convert USDT for SUUSD at a 1:1 ratio, with seamless transactions.
People interested in starting with SUUSD can set up a Metmask wallet and then transfer the USDT, USDC, or DAI (Polygon network only). After that, they have to connect to the Sunami Network platform, and they can quickly start staking assets to earn SUUSD.
The Potential of High Returns
SUUSD assimilates the power of a term deposit and a current account as one. With planned functionality, users can use it as a liquidity asset to make payments. It offers a single digital asset, which works like a high-yield savings account.
The platform works as a hybrid of term deposits and current accounts and allows you to earn potential high returns in the term deposit. The flexibility and liquidity of a current account are the primary reasons behind it.
Due to this, users can earn passive income on their holdings and enjoy the facility to access their funds easily whenever needed. Users can earn profits while holding their coin by adhering to SUUSD’s diversified investment strategy to harvest steady yields.
Critical Features of SUUSD Stablecoin
Let’s look at the critical features of SUUSD Stablecoin:
- High Liquidity and Yield: SUUSD users get the ability to earn yields without fear of losing liquidity. Due to its liquid nature, one can instantly access the funds, make payments, and even use the platform for saving purposes. With the help of this feature, you can get your hands on liquidity and earning potential.
- Simple and User-friendly: The platform does not serve the purpose of seasoned investors. Beginners can also access it easily due to its simple and user-friendly design. You don’t need DeFi skills; the procedure only includes staking stablecoins and holding SUUSD to earn yields.
- Stability: One of the most critical features of SUUSD is stability. To maintain stability, SUUSD uses methods like collateralizing user-deposit assets and pegging its value to USD. A robust protocol is used to peg the value, which is solely designed for it.
- Diversified investment portfolio: The diversified investment portfolios are responsible for the SUUSD-generated yields, which include liquidity pools for specific DeFi instruments. Diversification reduces the risk of dependency on a single investment source and guarantees a steady and reliable return.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.