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KernelDAO Targets $220T Payments Market with Reward-Bearing Stablecoin KUSD
KernelDAO Unveils KUSD – BNB Chain-based restaking protocol KernelDAO is expanding into the real-world credit market with the launch of KUSD, a new reward-bearing stablecoin unveiled on September 16. Unlike traditional stablecoins that often sit idle, KUSD is designed to generate yield from institutional usage such as remittances, payroll, and trade finance.
Backed by Receivables, Built for Scale
According to KernelDAO, KUSD will be fully collateralized by short-term receivables, providing stability while tapping into repayment flows to generate rewards. This design creates what the team describes as a self-reinforcing cycle of liquidity and yield, positioning the token as both a settlement currency for institutions and a composable yield-bearing asset for decentralized finance (DeFi).
KUSD builds on KernelDAO’s existing $2.4 billion ecosystem, which includes its liquid restaking protocol Kelp, high-performing vaults under Gain, and core infrastructure deployed on BNB Chain. With over 150 DeFi integrations and more than 350,000 users, the DAO is moving to capture a share of the real-world assets (RWA) market, projected to reach $30 trillion by 2034.
Tackling Inefficiencies in Global Payments
KernelDAO argues that KUSD addresses inefficiencies in the $220 trillion global payments market, where trillions are tied up in pre-funding and cross-border transactions that often take days to settle. By embedding credit into the stablecoin’s structure, KUSD aims to make payments faster and more efficient, offering a solution that merges institutional finance with DeFi-native liquidity.
Roadmap Ahead
The team announced that a litepaper and early launch partners will be revealed in the coming weeks. If successful, KernelDAO’s KUSD could challenge existing stablecoin models by directly linking DeFi liquidity with institutional credit demand, setting a precedent for the next generation of stablecoins.
