Yield-bearing stablecoin supply surges after GENIUS Act
The supply of yield-bearing stablecoins has surged since the United States’ passage in July of the GENIUS stablecoin bill, which prohibits issuers from offering yields on stablecoins. Data shows the biggest beneficiaries have been Ethena USDe (USDe) and Sky’s USDS (USDS), which provide a yield when the tokens are staked in their respective protocols. Since […]