👥💰 The number of sUSDS holders w/ an sUSDS balance over $1M is up ~100% since the start of the year.sUSDS is a yield-bearing version of @SkyEcosystem's USDS stablecoin.sUSDS accrues yield from the returns generated on the collateral assets that back USDS. https://t.co/79kb2twMfL ...

Why would anyone need two stablecoins??? 🤔Here's my take...Sui Group (which holds over $300M in SUI) partnered with Ethena to issue yield-bearing suiUSDe and non-yield USDi stablecoins, launching by end of 2025.This is likely to have a dual offering which appeals to yield-hungry investors as well as sophisticated, regulated stablecoin users.This 'barbell' of sorts accurately depicts two types of stablecoins that will likely persist.Regulated, GENIUS compliant stablecoins & far-less compliant, less regulated ...