The stablecoin landscape on Solana continues to grow, and more users are looking for reliable ways to put their capital to work. With USDG now supported on OnRe, those users can mint ONyc directly from their existing stablecoin positions and access real-world, institutional-grade yield without leaving the network.
This update strengthens the ONyc ecosystem by broadening the base of capital that can participate in our yield engine. Users can deposit USDG, mint ONyc, and gain exposure to reinsurance underwriting and collateral returns through a straightforward onchain workflow. It’s a natural step for a community that already relies on stablecoins as a primary liquidity tool.
Supporting USDG also improves the flexibility and reach of ONyc across Solana. More stablecoins flowing into the system create deeper liquidity and more consistent capital movement throughout DeFi. It gives users more ways to enter the ONyc economy and deploy their positions across the broader ecosystem.
For users seeking additional performance, Kamino’s ONyc/USDG Multiply Vault offers a way to pair real-world yield with Solana-native strategies. The vault lets users use ONyc as collateral, borrow USDG at a negative rate, remint ONyc, and loop their position. Alongside the core APY, users benefit from weekly USDG rewards and boosted OnRe Points on all deposits.
As stablecoin adoption on Solana accelerates, providing direct and dependable access to real-world yield becomes even more important. Integrating USDG into OnRe helps meet that demand. It brings more users into the ONyc economy, strengthens liquidity across the network, and expands the routes available for capital to earn onchain.
USDG now flows directly into ONyc’s real-world yield engine, and the entire ecosystem is stronger for it.
