Andy
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Andy· 2025-09-03 09:27
Bold prediction:Ethena flips Circle in total outstanding stablecoin supply in the next 18 months.As of today, $USDC total supply is ~ $72B.Right now, the two protocols which dominate the decentralized stablecoin market are Ethena & Sky. Their stables ($USDe & $USDS) stand at around ~$22B combined.Stablecoin supercyle is in full force. Watch what comes next. ...
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Andy· 2025-09-03 03:02
This damn thing is gonna flip USDC next year, isn't it???Aylo (@alpha_pls):Reminder that Ethena directly benefits more from rate cuts than any other protocol.As risk free yield comes down Ethena's yield goes up and becomes even more attractive for entities exiting treasuries.It's not a surprise Ethena is looking stronger than almost everything else https://t.co/8qJCSXKXY2 ...
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Andy· 2025-09-03 02:03
RT Stacy Muur (@stacy_muur)The map of the largest yield-bearing stablecoins.Sorted by TVL / Supply.Featuring APR + Airdrop potential.Risk criteria:• If the stablecoin yield comes from volatile assets / strategies ⇒ Higher risk.• If it comes from treasuries / more stable yield sources ⇒ lower risk https://t.co/I0VSXg7Oy0 ...