There's a fresh Solana token making waves with an interesting twist – it's pegged to USD1 instead of SOL. What caught my attention? The price stability angle. While most tokens ride the SOL volatility rollercoaster, this one charts its own course against the dollar.

The USD1 pairing mechanism means your exposure shifts from SOL's swings to a dollar-based valuation. Could be a game-changer for traders tired of double volatility. Still early days, but the concept's worth tracking if you're exploring alternative tokenomics on Solana.

SOL4.66%

USD10.01%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
7
Repost
Share

Comment

0/400

DevChive

· 13h ago

The stablecoin play is back, this time pegged to the US dollar instead of SOL. Sounds good, but I still want to see how long it can last...

View OriginalReply0

MidnightSnapHunter

· 12-02 00:09

A dollar peg sounds nice, but can it really hold steady? There are plenty of things like this in the SOL ecosystem.

View OriginalReply0

AllTalkLongTrader

· 12-02 00:08

The USD-pegged trap is back again, can it hold steady? Is there so much demand for stablecoins in the SOL ecosystem?

View OriginalReply0

SchrodingerPrivateKey

· 12-02 00:07

Wait, is this a stablecoin or what? It feels a bit like speculating on a concept.

View OriginalReply0

BridgeNomad

· 12-01 23:59

usd pegging on solana? ngl, seen this movie before... what's the trust assumption here tho? who's actually backing the dollar peg, and more importantly - what's the counter-party risk we're not talking about yet

Reply0

WalletDivorcer