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Streamflow Finance to Launch U.S. Treasury-Backed Stablecoin on Solana

The blockchain platform plans to introduce USD+, a stablecoin supported by U.S. Treasury assets, expanding its offerings on the Solana network.

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Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value by being pegged to a reserve asset like fiat currency or commodities.
  • U.S. Treasury-backed: Refers to financial instruments or assets supported by the credit and backing of the U.S. government via its Treasury Department.
  • Solana: A high-performance blockchain network known for fast transaction speeds and low fees.