Yield-Bearing Stablecoins Grew 15-Fold: Messari

Messari Research: Yield-Bearing Stablecoin Boom

According to Messari research, yield-bearing stablecoins grew 15 times faster than the overall stablecoin market in the last six months. These stablecoins function similarly to money market funds or bank deposits with their interest-generating structures. The growth was driven by Circle’s USYC with 198%, Paxos’s USDG with 169%, Tron DAO-linked USDD with 114%, and ONDO detailed analysis Ondo Finance’s USDY with 91% increases. The overall stablecoin market cap rose only 9%.

Fastest Growing and Largest Yield-Bearing Stablecoins

The total market cap of yield-bearing stablecoins reached $22.7 billion, accounting for 7.4% of the total stablecoin market. The largest include Sky’s sUSDS, Ethena’s sUSDe (ENA futures), and Maple’s Syrup USDC (SYRUP detailed analysis). These coins attract users by providing yield from DeFi protocol liquidity pools or real-world assets (RWA).

ONDO's Technical Performance and Market Trends

ONDO is showing strong performance linked to USDY's growth. Current price: 0.28 USD (+8.38% 24h). RSI 55.29 neutral, trend sideways but Supertrend giving bearish signal. EMA 20: 0.2607. Supports: S1 0.2703 (strong, 71% score), S2 0.2018. Resistances: R1 0.2824 (2.50% distance), R2 0.3990. Investors can take positions with ONDO futures.

US Regulations: Yield-Bearing Stablecoin Risks

In the US, laws are divided on the taxation and regulation of crypto-linked yields. Senate Majority Leader John Thune stated that the crypto market structure bill will not progress before April. Yield-bearing stablecoins carry the risk of creating a loophole that draws funds from bank deposits. The CLARITY Act, passed in the House of Representatives, is being debated in the Senate. The GENIUS Act prohibits interest or yield payments for payment stablecoins but allows reward programs on third-party platforms.