Yield-bearing stablecoins (tokenized funds) now represent ~10% of the stablecoin market, signaling a shift toward productive dollar assets.
DeFi & Yields ·
Yield-bearing stablecoins built on tokenized funds now represent approximately 10 percent of the broader stablecoin market, reflecting a shift in how dollar-denominated assets are being deployed on chain. Rather than serving purely as transaction rails, these products enable holders to earn returns on their holdings, positioning issuers of tokenized funds favorably as adoption patterns evolve. The movement toward productive dollar assets raises questions about the sustainability of this share and whether traditional non-yield stablecoins will face sustained pressure to add income-generating features to remain competitive.