L1 Public chain Somnia announces the launch of the ecological stablecoin USDso

L1 Public chain Somnia announced the launch of the ecological stablecoin USDso, issued and operated by the decentralized stablecoin protocol Frax Finance based on the frxUSD architecture.

USDso adopts an over-collateralization model and is backed by assets such as U.S. Treasury bonds, allowing it to be minted 1:1 with assets like USDC. Its revenue distribution mechanism will return reserve earnings to the ecosystem, with 90% allocated to DeFi protocols and 10% for the insurance fund. This stablecoin is designed to serve high-frequency trading, DeFi, and on-chain protocol scenarios.

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