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-collateralized model and uses assets such as U.S. Treasury bonds as reserve support, which can be minted 1:1 with assets like USDC. Its revenue distribution mechanism will channel reserve earnings back into 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.