River has launched its satUSD stablecoin on BNB Chain, achieving $400 million in total value locked (TVL) within 24 hours of its release. The cross-chain asset serves as both a dollar-pegged stablecoin and a yield-generating mechanism.
Users can mint satUSD using Bitcoin, Ethereum, and BNB as collateral, benefiting from 0% interest loans. The stablecoin simultaneously offers holders a 13% annual yield, positioning it as an attractive yield vehicle within River’s ecosystem.
The launch coincides with growing activity across River’s products, including its ecosystem application River4FUN, which has garnered nearly 20,000 active users. River also announced plans to introduce an upcoming ‘Creator Voting’ feature accompanied by a 3 million River Pts reward pool.