The Sui network has welcomed real-world assets through the integration of R25’s innovative protocol, introducing rcUSD and its interest-bearing counterpart, rcUSDp. This collaboration enables regulated financial instruments on-chain. 🛡️ 💰
rcUSD is a token backed by real-world assets, ensuring stability and value alignment with one US dollar. Its interest-bearing version, rcUSDp, allows for staking to earn returns from RWA asset portfolios like tokenized money market funds and public chain incentives. 🙌
Both tokens will be readily available in the Sui DeFi ecosystem, opening doors to new on-chain yield opportunities, lending functions, and liquidity for real-world assets. This groundbreaking development is expected to further expand the Sui DeFi landscape, which currently boasts a staggering TVL exceeding $2 billion. 📈
R25’s collaboration marks a significant step towards bringing compliant off-chain assets onto the blockchain. Notably, rcUSDp represents one of the first interest-bearing tokens backed by institutional-grade security and real yield assets. 🎉 This innovation holds immense potential for driving TVL growth and introducing non-crypto-native liquidity to the Sui network.