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![FabiusDefi Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1609130699256389632.png) Fabius DeFi [@FabiusDefi](/creator/twitter/FabiusDefi) on x 21.2K followers
Created: 2025-05-13 11:35:19 UTC

A promising new stablecoin just dropped in Sol DeFi 👀

Convergent (@convergent_so) has launched $CVGT – the token kicking off their plan to build USV, the first LST-backed stablecoin on @solana (collateralized by JitoSOL).

A few things caught my attention:

🔹 Minting USV at X% interest, peg stabilized via JitoSOL yield
🔹 Strategic collabs with major Solana players: @jito_sol, @PythNetwork, @orca_so, @streamflow_fi...
🔹 Aiming to become a TVL pillar in Solana’s stablecoin-native DeFi stack

This one ticks all the right boxes:

✅ Fresh narrative (LST-backed stablecoin)
✅ Deeply integrated with Solana infra
✅ Tokenomics designed for long-term scaling

$CVGT is already live on @pumpdotfun – current MC around $2.4m
→ CA: B7zNKphr8fjczB71oi9uF9pCd5XSNJvBn78TVF7kpump

Yap campaign on @YapdotMarket 👀

I’ve got my eye on it. You probably should too 💎

#Solana #DeFi #CVGT $CVGT

![](https://pbs.twimg.com/media/Gq01qaCXoAAfDR0.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1922254326942335346/c:line.svg)

**Related Topics**
[pythnetwork](/topic/pythnetwork)
[peg](/topic/peg)
[jitosol](/topic/jitosol)
[token](/topic/token)
[$cvgt](/topic/$cvgt)
[sol](/topic/sol)
[coins stablecoin](/topic/coins-stablecoin)
[solana](/topic/solana)

[Post Link](https://x.com/FabiusDefi/status/1922254326942335346)