Relend Network USDC (Swell)

Relend Network provides overcollateralized, partner-branded stablecoins (rUSDC) to Layer 1 and Layer 2 blockchains, enabling them to bootstrap liquidity and stimulate lending markets. The protocol ensures rUSDC is always 1:1 redeemable for USDC and leverages local and global Price Stability Modules (PSMs) to maintain peg stability. By supplying liquidity into lending protocols and prioritizing integration with committed ecosystems, Relend helps chains overcome the cold start problem of attracting real economic activity.