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Yield-bearing stablecoin slowdown ends three-year run for crypto-native products
Yield-bearing stablecoin supply declined 15% in Q2 as sUSDe and sUSDS contracted, while Treasury-backed products like BUIDL, USYC, and USDY experienced growth. The slowdown marks the end of a three-year trend for crypto-native yield-bearing stablecoins.
Related Signal
Adjacent reporting
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- Stablecoin supply tops $300 billion but growth stalls as Tether gains at rivals’ expense
- Tether winds down gold-backed derivative stablecoin aUSDT
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- Solana Emerging Stablecoin Supply is growing