[Kamino Launches USD-Pegged Stablecoin USD1] According to a report by Jinse Finance, Kamino announced on Platform X that it has launched the USD1 stablecoin. USD1 is a USD-pegged stablecoin that can be exchanged 1:1 with the US dollar and is 100% asset-backed, primarily supported by U.S. government money market funds and cash equivalents. Kamino now supports lending operations using USD1 on Solana.