# Relend Network > Relending Money Market Liquidity to L1s and L2s. Relend Network provides stablecoin liquidity for L2 ecosystems through rUSDC, a stablecoin redeemable 1:1 for USDC on Ethereum. Relend Network addresses stablecoin liquidity challenges across Layer 2 networks through a unique approach to multi-L2 CDP-based stablecoins. The platform generates rUSDC instances for each blockchain, backed by lending market collateral and USDC. Users mint rUSDC by supplying USDC on Ethereum mainnet or with approved collateral, maintaining 1:1 redemption capacity. This increases total value locked in DeFi markets while reducing cross-chain risks. - Type: Project - Sector: Finance - Status: Active - Founded: 2024-01-01 - Profile: https://thegrid.id/profiles/Relend_Network ## Products - [Relend Vaults](https://thegrid.id/profiles/Relend_Network): Relend Vaults integrate with Morpho protocol to generate yields from deposited assets in pre-deposit contracts. Vaults accept various assets including USDC, ETH, cbBTC, and others, providing yield through lending to over-collateralized borrowers. Assets in these vaults contribute to the Global Price Stability Module used to maintain rUSDC liquidity and redemption capacity. (Decentralised Borrowing & Lending, Live) - [Relend Stablecoin Issuance (rUSDC)](https://thegrid.id/profiles/Relend_Network): rUSDC implements ERC-7770 token standard for creating chain-specific stablecoins with 1:1 USDC redemption capability. The protocol maintains distinct Local Price Stability Modules for each instance, with a Global PSM to handle redemption demands. This architecture enables localized stablecoin issuance with independent risk management while maintaining system-wide stability. (Stablecoin Issuer, Live, Main Product) ## Assets - [Relend Network USDC - Starknet (rUSDC-stark)](https://thegrid.id/profiles/Relend_Network): rUSDC-stark is a stablecoin redeemable 1:1 for USDC on Ethereum, issued by Relend Network for the Starknet ecosystem. It is used as collateral in lending markets and for liquidity provision across Starknet DeFi applications. The rUSDC Token Standard (ERC-7770) makes any ERC20 token borrowable by default, allowing users to mint rUSDC either by depositing USDC or by borrowing against approved collateral to expand stablecoin supply on Starknet without relying solely on bridged assets. (Stablecoin) - [RELEND Units](https://thegrid.id/profiles/Relend_Network): RELEND Units are digital reward assets that track user participation in Relend Network's pre-deposit vaults and community activities. They serve as pre-launch incentives for users who deposit assets into vaults integrated with Morpho protocol. These units quantify early contributor engagement before the protocol's full launch, establishing a record of participation that may influence future protocol benefits. (Digital Reward Assets) ## Links - [Main](https://relend.network) - [Documentation](https://docs.relend.network) - [Terms of Service](https://docs.relend.network/relend.docs/terms-and-conditions) - [LinkedIn](https://www.linkedin.com/company/relend-labs) - [Twitter / X](https://x.com/relend_network) - [Telegram](https://t.me/relend_network) - [Medium](https://medium.com/relend-network) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. 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