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Reflect Launches Create Tool for Yield-Bearing Stablecoins on Solana

Users can choose backing collateral and decide how interest is divided between creators and holders.

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An unmarked token blank beside three small glass vials / TokenPost.ai
An unmarked token blank beside three small glass vials / TokenPost.ai

Reflect put Create into service on Solana on Oct. 22, giving projects a way to set up branded stablecoins with yield through a single transaction. Users can select backing collateral from a reviewed set and decide what portion of interest goes to creators and holders. That structure lets apps and other projects issue a branded asset while directing a share of generated interest to holders.

Possible yield sources include DeFi protocols, Treasury bills and money markets. Returns depend on the assets backing each token and the strategy used.

Create builds on Reflect's Whitelabel framework, introduced Feb. 24 for permissionless issuance of custom yield-bearing stablecoins. The February launch named three early partners: Titan Exchange, Umbra Privacy and Moto Card.

Yields and asset values can change. Tokens can lose their peg, and users can lose principal. Reflect does not custody user assets; local law may treat Reflect assets as regulated products.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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