The modular blockchain project Elixir recently announced the launch of its decentralized synthetic dollar, deUSD. This move has proven to be successful, with the total liquidity of deUSD surpassing the $1 billion mark. The USDC trading pair on the Curve platform is particularly outstanding, ranking as the most liquid single-sided stablecoin pair. Elixir's team claims to have $1 billion in reserves as support for deUSD, indicating their confidence in the project and their intention to compete with other stablecoins in the market, such as USDe by Ethena. The rapid rise of deUSD not only showcases its strong market potential but also brings new vigor to the cryptocurrency space.