Ryan Solomon sat down with Cole McMillian, chief marketing officer of Solomon Labs, on the day USDv went live. The conversation covered why Solomon Labs built the stablecoin and how it differs from existing dollar tokens. McMillian has worked full time in the Solana ecosystem for roughly five years. He joined Solomon Labs as CMO three to four months ago. By then, most of the groundwork for USDv was already in place. His goal on the call was simple. He wanted to explain why a dollar that just sits still is a missed opportunity.
⚡️ NEW: Solomon Labs has launched USDv on Solana, a stablecoin designed to remain productive across wallets, liquidity pools and other onchain positions.@Raydium is allocating $1M of treasury capital to USDv, while @MetaDAOProject has proposed moving $2M of treasury USDC into… pic.twitter.com/6rp1aF0MFh
— Generation Infinity (@Genfinity) September 24, 2026
The Problem With Idle Dollars
Solomon Labs built its mission around a single complaint. Most stablecoins require extra steps before they generate any yield. Holders typically need to wrap the token, stake it, or deposit it into a separate protocol. Each of those steps adds friction. Each one also adds risk, since every additional integration is another potential attack surface. McMillian pointed out that this friction discourages exactly the users who hold the largest balances. Institutions and treasuries are often the most reluctant to take on extra steps with large sums of capital.
McMillian also drew a sharp line around who profits from stablecoins today. Companies like Circle and Tether generate revenue from the reserves backing customer deposits. Holders take on the risk of trusting those reserves, yet they rarely see any of the upside. Solomon Labs designed USDv to reverse that arrangement. Reward income flows to the people actually holding the risk, not just the issuer managing the reserves.
USDv: A Stablecoin Built to Stay Productive
USDv launched on Solana through Sunrise, with Raydium serving as its primary trading venue. According to Solomon Labs, USDv remains productive no matter where it sits. A holder earns rewards whether USDv sits in a personal wallet, inside a liquidity pool, or simply untouched. No staking or wrapping step stands between the holder and the yield. McMillian described the target as a “perfect dollar,” one that stays fully liquid while still generating income passively.
That yield profile stays deliberately conservative. USDv targets a sustainable, Treasury bill style rate rather than a high headline APR. McMillian pointed to Drift’s stablecoin contagion event as a cautionary example. Products advertising seven to nine percent yields on that platform ultimately left affected users with zero balances. USDv instead remains one to one reserve backed, with a transparent reserve profile publicly available. That structure trades a lower yield ceiling for a lower risk floor.
Solomon Platform: The Infrastructure Behind USDv
USDv also functions as a proof point for a broader product. The Solomon platform, described by McMillian as a B2B SaaS offering, reconstructs onchain state in granular detail. It tracks ownership of every asset continuously, even as holders stake, loop, or reposition capital across pools. Most competing systems rely on periodic snapshots instead, which lose track of ownership the moment an asset moves into a new protocol.
McMillian framed that granularity as increasingly important given upcoming regulatory clarity in the United States and abroad. Businesses will need precise, defensible records of who owns what and when. Snapshot based systems struggle to meet that bar once assets move across multiple pools or providers. USDv, as the platform’s first client, demonstrates that continuous tracking in production. Solomon Labs sees this infrastructure extending well beyond its own stablecoin.
From MetaDAO Raise to Live Partnerships
Solomon Labs raised capital through MetaDAO in November 2025, ahead of USDv’s public launch. The project went through three separate audits before going live, with the most recent review returning no critical findings. A private beta phase ran for roughly a year before launch. That beta led the team to rework its original design. The earlier version centered on a basis trade token requiring a separate staked asset. McMillian said the learnings pushed Solomon Labs toward a simpler model instead. The new design stays always productive, trading a marginally higher yield for materially lower risk.
MetaDAO became Solomon Labs’ first treasury conversion into USDv. Raydium followed with a deeper commitment, allocating an initial $1 million of its own treasury to the stablecoin. That partnership extends beyond a simple treasury swap. Raydium plans to use USDv as a stable quote asset across its markets. It will also integrate USDv into Raydium Launch Lab, its token launchpad product. McMillian offered a concrete example of the upside. A liquidity provider running a 50/50 USDC and SOL pool on Raydium might earn seven to eight percent today. Swapping the USDC leg for USDv adds roughly 3.5 percent more yield on that half of the position. The underlying strategy never has to change.
What Comes Next for Solomon Labs
McMillian outlined two priorities heading into the rest of 2026. The first is deepening USDv adoption through partners like Raydium, expanding beyond simple treasury holdings into product level integrations. The second is proving out the Solomon platform as standalone infrastructure. McMillian described an ideal future where other stablecoins adopt the platform directly. In that world, USDv’s own tracking layer becomes less distinctive by comparison.
The platform’s use case extends past stablecoins as well. McMillian pointed to tokenized stocks and other tokenized assets that carry dividends or distributions. Tracking who owns a token once it moves into a DeFi position is difficult under snapshot based systems. The Solomon platform can attribute ownership continuously and apply programmable policy rules to distributions. Solomon Labs operates as a DAO on MetaDAO, governed by the SOLO token. That structure gives the community a direct stake in how the roadmap unfolds.
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