Yield-bearing dollar alternatives

Search documents
X @Arthur Hayes
Arthur Hayesยท 2025-08-06 11:12
RT stabledash (@stabledash)@CryptoHayes backed @Ethena_labs's USDe when TradFi experts called it "another crypto experiment destined for failure."$USDe just hit $9.5B market cap. That makes it the 3rd largest stablecoin globally behind USDT ($164B) and USDC ($64B).Synthetic dollar design that everyone said wouldn't work is now eating market share from the majors. The algorithmic stablecoin that survived while others imploded.Hayes saw what traditional finance missed: demand for yield-bearing dollar alternat ...