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Kamino brings USD1 stablecoin to Solana's lending ecosystem. What makes USD1 stand out? It's pegged 1:1 to the U.S. dollar with full backing from U.S. government money market funds and cash reserves—so you know exactly what you're holding.
The integration means you can now use USD1 for both lending and borrowing directly on Kamino. Whether you're looking to earn yield on your stablecoin holdings or need liquidity against USD1 collateral, the protocol now supports both sides of that equation on Solana.
With a fully-backed stablecoin hitting the lending market, DeFi users on Solana have another solid option for stable value transactions and yield strategies.