River Launches satUSD Stablecoin System Locks $400M in 24 Hours

River has introduced a groundbreaking cross-chain stablecoin system, satUSD, on the BNB Chain. This innovative platform integrates liquidity, yield generation, and user contributions across various blockchain ecosystems. The launch has already seen a significant response, with the total value locked (TVL) reaching $400 million within just 24 hours. This system allows users to mint satUSD using SolvBTC as collateral, enabling them to leverage assets such as BTC, ETH, and BNB without incurring any interest charges. This feature preserves users' holdings while optimizing capital efficiency through repeated transactions.

One of the key attractions of satUSD is its appeal to investors seeking steady income. By staking satUSD, users can earn an annual yield of 13%, making it a reliable yield vehicle. Additionally, River's ecosystem product, River4FUN, has garnered nearly 20,000 active users. This week, the platform is set to introduce a “Creator Voting” feature, which will allow users to stake tokens and vote for content creators on the BNB Chain. The top 30 creators will share a reward pool of 3 million River Pts, fostering community engagement and decentralized governance.

This launch underscores River's commitment to innovation and user empowerment within the blockchain space. By offering a 0% interest rate on collateral and a high annual yield on staking, River is positioning satUSD as a competitive option in the stablecoin market. The introduction of the “Creator Voting” feature further enhances the platform's appeal by encouraging user participation and community involvement. As the platform continues to evolve, it is poised to attract more users and further solidify its position in the blockchain ecosystem.