Reflect Money launches Create for custom yield-bearing stablecoins on Solana
- —Create deploys a custom stablecoin in one transaction from a menu of reviewed collateral
- —Issuers can retain a percentage of the yield their stablecoin generates
- —Reflect had issued seven assets with roughly 21% average APY at launch
- —Platform trading volume stood at $5.52 million at launch
Why it matters: Reflect is targeting roughly $280 billion in idle stablecoins, turning them into yield-bearing products for apps on Solana.
Source: Crypto Briefing