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Standard Money is a rebranded iteration of the yield optimizer Tranching Protocol, evolved into a full synthetic dollar protocol. It offers users a 1:1 collateralized stablecoin $USDSD and a yield-bearing $sUSDSD token, both powered by Standard Money's delta-neutral yield farming strategies.
On November 11, 2021, Binance Labs (now YZi Labs) announced its Season 3 incubation cohort, which included Tranching Protocol (now Standard Money). The amount of funds raised remains undisclosed.