Solomon USDv Review 2026: Treasury-Backed Stablecoin on Solana

Solomon USDv is a stablecoin on Solana designed to pay rewards to holders by default. The project says it is backed 1:1 by short-dated U.S. Treasuries and cash reserves, and that it needs no staking, wrapping or lockups to earn. DefiLlama tracks it under basis trading with roughly $8.8 million in TVL on Solana, and lists a SOLO token and two audits.

The pitch is that one token can stay a plain dollar while earning, which keeps liquidity in one place instead of splitting it across wrapped versions. The homepage cites Oro Finance, where liquidity providers earn on the dollar side of a gold pool position, and Avici, a neobank that uses USDv as reward rails.

The homepage says the project raised $8 million and lists backers, partners and auditors. Names of the team are not given in the text available. The footer says Solomon Labs is a brand term and not a legal entity, and that the website is run by Genesee Holdings Corporation of Panama, separately from the IP owner, Solomon DAO LLC of the Marshall Islands.

USDv is a dollar stablecoin on Solana. Approved participants mint and redeem it against short-dated U.S. Treasuries and cash held as reserves. Everyone else can hold and use it as a normal token.

To earn, a holder enrolls a balance once. Solomon then tracks eligible USDv across wallets, liquidity pool positions and integrated DeFi apps, and routes rewards to the address the holder designates. There is no wrapper token, vault deposit or claim step.

The rewards are supported by income from the reserve assets, mainly Treasuries. The project states that the reward rate is set separately and may differ from the return the reserves actually earn.

The homepage does not publish a fee schedule for holding, minting or redeeming USDv. Redemption terms are linked from the site, and that is where any redemption or issuance costs would be shown. Normal Solana network fees apply to transfers.

The homepage shows a 7-day trailing annualized reward rate that loads live in the app. The project states that the reward rate is set separately and may not equal what the reserves earn, so the net rate to holders may be lower than reserve income.

The project says the USDv program was independently audited by Accretion, and DefiLlama lists two audits. It describes controlled minting and redemption, transparent reserve reporting and a reserve composition page. Audits cover code, not the custody or quality of the off-chain reserves, so holders rely on the reserve reporting and on the issuer.

Issuance is permissioned and the legal structure is split: the site says Solomon Labs is only a brand term, the website is operated by a Panama company, and the intellectual property belongs to a Marshall Islands DAO LLC. The site states that no relationship creates recourse among these parties, so holders should read the Terms of Use, Disclaimer and redemption terms closely. Regulatory status is not stated publicly, so check what applies where you live.

Solomon USDv is for Solana users, liquidity providers, neobanks and DAO treasuries that hold idle stablecoins and want them to earn without wrapping or locking. It is less suited to anyone who needs direct redemption rights as a retail holder, or who wants a clear single legal counterparty.