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[2025 Crypto Wrapped] Stablecoin Supercycle: Yields vs. ComplianceStablecoins have proven to be one of the few crypto businesses with real PMF.While USDT and USDC still dominate the market, other stablecoins have exploded in 2025, catalyzed by Circle's IPO and the GENIUS Act.The space has now split into two rails:🔹 Crypto Natives (Ethena USDe, Falcon Finance USDf, Sky USDS) offer higher returns than T-Bill rates through CeDeFi/ DeFi strategies.🔹 Institutional Titans (PayPal PYUSD, World Liberty Financial US ...