Raydium commits to a $1 million treasury investment in USDv

Solana's decentralized trading protocol Raydium announced that it will invest an initial $1 million in the USDv treasury and will support USDv trading pairs in its market and Launchpad ecosystem. Solomon has chosen Raydium as the primary location for USDv liquidity and will deploy core USDv liquidity on the platform.

USDv is Solomon's fully-backed stablecoin on Solana, with underlying reserves exposed to short-term U.S. Treasury bonds. This collaboration allows Raydium to leverage the Solomon platform to direct related earnings to liquidity providers, trader rewards, and new market incentives. User participation in rewards requires a one-time opt-in, with no need for staking, wrapping, or locking, and related arrangements will be advanced with the launch of USDv on September 23.