Yield-bearing stablecoins

~$4.6B & climbing (sUSDS $10B issuance) — the live sub-narrative

Part of the Stablecoins sector. This concentration means sector-wide trends are largely a function of decisions and flows at the top two issuers, even as newer entrants like Ethena USDe point to continued experimentation in stablecoin design.

Educational content, not financial advice.

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