There’s a stablecoin coming to Solana that’s doing things differently
No VC money, no interest rates and no centralized shortcuts
$USV by @convergent_so is introducing a cleaner model for capital-efficient stablecoins backed entirely by @jito_sol 🧵👇
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Most stablecoins today are either backed by fiat, synthetic assets, or overengineered mechanisms that add unnecessary layers of risk and complexity
$USV keeps it simple and transparent by using only JitoSOL as collateral
Giving it native Solana yield and on-chain verifiability at all times
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This isn’t just about decentralization, it’s about making the underlying collateral work for you
When users mint $USV, they’re not paying interest or giving up yield
The protocol lets them keep 100% of staking rewards from @jito_sol while still unlocking liquidity, all at 0% interest
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That unlocks a key advantage ➡️ capital efficiency without compromise
You get stable purchasing power in $USV while your $jitoSOL keeps accruing staking rewards in the background
It removes the typical tradeoff between yield and liquidity that most DeFi users face
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Unlike many protocols that raise quietly through backroom VC deals, Convergent chose a more transparent path
There were no token allocations for funds or insiders, no private rounds, and no early advantages
Instead, funding came from a community-driven NFT sale, with full transparency from the start
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$CVGT, the governance token, was launched in April with no presale and has already shown signs of consistent organic growth
It reached a market cap near $7M and now sits around $4.7M, with over 2,500 holders
No artificial pumps, just slow and steady progress from a committed base
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Beyond its structure, what makes this project credible is its integration with the Solana ecosystem
It uses @PythNetwork for real-time price feeds, ensuring accurate collateral tracking
It’s plugged into @stabble_fi and @orca_so for liquidity access, and designed for cross-chain potential through @wormholecrypto
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This positions $USV as more than a standalone idea, it’s being built as a native component of the Solana DeFi stack
With these integrations, users will be able to access, trade, and leverage $USV across multiple protocols without friction
It’s built to be useful, not just theoretical
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The protocol itself is already audited and ready for deployment, with launch expected in Q3
Once live, $USV could offer a stable and yield-aware foundation for a wide range of use cases
From leverage and LPs to payment rails and treasury management
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$USV is the stablecoin
$CVGT is the governance token that helped fund and shape it
Both are worth watching if you’re following serious Solana-native DeFi Ecosystems 🤝
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