Yield-bearing stablecoins reach a market value of $11 billion, accounting for 4.5% of the stablecoin market
The market value of yield-bearing stablecoins has reached $11 billion, accounting for 4.5% of the overall stablecoin market. This marks a significant increase from $1.5 billion and a 1% market share at the beginning of 2024. The decentralized protocol Pendle currently holds 30% of the total value locked (TVL) in yield-bearing stablecoins, approximately $3 billion. The report shows that stablecoins account for 83% of Pendle's total value locked, a significant increase from less than 20% a year ago.
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