Brief
Somnia's native stablecoin. Issued and operated by Frax Finance based on the frxUSD architecture. Mint 1:1 with USDC, redeem against Frax's off-chain reserve stack of US Treasuries (BUIDL-backed). Over-collateralized. Yield split: 90% routed back to DeFi protocols building on Somnia, 10% to an insurance fund. Designed for high-frequency DeFi on a chain that hit 1.9B daily testnet transactions.
Recent activity
Latest moves on the changelog feed.
- May 5, 2026NEW
USDso. Somnia's native stablecoin. Issued by Frax Finance based on the frxUSD architecture. Mint 1:1 with USDC, redeem against Frax's BUIDL-backed reserve stack. 90% of yield routes back to DeFi protocols on Somnia, 10% to insurance fund.
Snapshot
Key terms and identifiers.
- Asset classes
- Treasuries
- Token standards
- erc-20
- Jurisdiction
- Global
Milestones
How this player got here.
- May 2026Somnia native stablecoin launched via Frax frxUSD architecture
Connections
Who they build with, build on, integrate with.
Dependency
Where this player builds on, integrates, or relies on others.
