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tldr; In 2025, yield-bearing stablecoins have gained popularity for combining stability with passive income. The top five stablecoins include Angle Protocol's stUSD, MakerDAO's sDAI, Ethena Finance's USDe, Ondo Finance's USDY, and PayPal's PYUSD. These stablecoins offer yields ranging from 2-7% through mechanisms like staking, real-world asset backing, and delta-hedging. Each platform caters to different investor needs, balancing risk and returns. Investors are advised to evaluate their goals to choose the best option. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
>But what have they built on these trash chains, except scams and grifts? Well this is just an assortment of some of the stuff on Solana: Payments * Partnerships with the biggest payment providers in the world like Visa, Shopify, Worldpay, Stripe, and Paypal * Stablecoin supply growing fast and at an ATH * Great payment apps like Code, Sphere, Caffeine * Solcard, Solswipe, Quartz and Sanctum all launching SOL debit cards Protocol * New client Firedancer in the works and close to completion, partial version "FrankenDancer" already on mainnet. * SIMD228 proposing a inflation rate based on staking rates which would drop inflation to under 1% at current rates and 0% at it's lowest. * Addition of token extensions and zk-compression allows for more unique tokenization. * Onchain revenue massively outpacing the entire industry DeFi * DEXs: Jupiter, Raydium, Orca, Meteora, Lifinity, Pumpfun * Perps: Drift, Zeta, Adrena, Flashtrade * Trading Bots: Bullx, Photon, GMGN, Trojan, Bonkbot, Maestro, MEVX * Money Markets: Kamino, Save, MarginFi, Port Finance * Infra: Heliopay, Jito, DeBridge, Wormhole * Wallets: Phantom, Backpack, Solflare * Social Trading Apps: Vector.fun, Bags, Moonshot RWA * Ondo Finance: Launched USDY on Solana, a stablecoin offering 5.2% APY backed by US Treasury Bills and bank deposits, integrated with various Solana DeFi protocols * Franklin Templeton added Solana to the blockchains supporting trading of its onchain U.S. Government Money Market Fund (FOBXX). * Homebase: Tokenizes real estate for fractional ownership; launched in 2021, facilitated global investments. * Parcl: Tokenizes real estate for liquidity; launched, partnered with real estate firms, successful projects. DePIN * Helium: A decentralized wireless network; launched in 2019, covers large areas, adopted by companies. * Hivemapper: A mapping platform with user-collected data; launched in 2022, comprehensive database. * Render Network: A GPU rendering platform; migrated to Solana in 2023, large network for computing. * Grass: A decentralized data storage platform; launched, attracts users for secure hosting. * GEODNET: transforming global positioning services by building a decentralized Real-Time Kinematics (RTK) network that delivers precise, cost-effective corrections for GPS * [This report shows just how staggering Solana's lead is when it comes to DePIN](https://messari.io/report-pdf/9de6bbfaa6ad1a782fd94f70a6e8385f569689f7.pdf) AI * Nosana: A GPU grid for AI inference on Solana; launched, network of providers and developers. * Render Network: Supports AI via decentralized GPU rendering; migrated to Solana in 2023, used for AI tasks. * SendAI: Provides tools for AI agents on Solana; launched, adopted by projects for dApps. * ZerePy/AI16Z/ElizaOS/Virtuals: The most popular frameworks for AI agents all available on Solana * Solana constantly leading in AI mindshare via Cookie.fun SocialFi * timedotfun: This platform introduces time-based assets, allows users to sell, trade, and redeem time with others. It stands out by redefining fan engagement, enabling time-based smart contracts for personalized interactions, and creating a liquid market for time as an asset3. * Moonwalk Fitness: a fitness accountability app that combines daily step goals with financial incentives. Users can join or create a crew, set a daily step target, and stake their crypto like USDC, SOL, or BONK. Achieving goals protects your deposit, while failing leads to a forfeiture of a portion of your stake. * Drip Haus: A collectibles platform that airdrops free NFTs to thousands of users, peaking at 160,000 users.
"There is no way I am buying and holding stables just to earn the US govt's risk-free bond rate." Cool, personally for me I'm fine with it. I like the idea of a separate savings account with that sort of cash that ears some yeild and isn't as risky as going all in on bitcoin or other altcoin pvp. I am too terrible with crypto trading and I don't want to smoke on the GIGA copium that some bitcoin maximalists have when the assets is already a 1.9 something t asset. I like the technology but not the vicious nature of it and in general. Your situation is different then mine, for me it makes a bit more sense I live in the uk. The yeild is better than the yeild I get from barclays and that is capped at 4.7% and drops after you deposit £5k to 1% yeild and that's is after paying for a subscription. And is higher than monzos yeild as well. >smart contract risks, >gas fees, Coinbase wallet fixes this issue, no smart contract risk nor any gas fees when sending and receving usdc on base. The other 2 I get ya >I know a lot are buying USDY to farm airdrops A lot of people don't even know usdy exists. I didn't even know you could farm airdrops with it and I doubt the average investor knows. For me personally I like the idea of yeild bearing stablecoins and they do serve a purpose for a lot of people. Though will everyone use it idk.
> No seriously no there is an entire sector of stablecoins that get yeild from bonds I was talking about how "DeFi can earn yields on stables". You are talking about CeFi yields wrapped with a token. > Saying how the entire system is built on leverage, I dunno. I am going to be frank. There is no way I am buying and holding stables just to earn the US govt's risk-free bond rate. Why? I can do it directly by myself via either my bank or treasurydirect.gov. If I take the traditional way, I avoid 1. Counterparty risk leading to depegging, partly because my bank is FDIC insured, 2. smart contract risks, 3. gas fees, 4. hack risk from signing one bad contract unintentionally, etc. It is simply Pareto inefficient for me to engage in crypto just to earn the US government risk-free rate. > Ondo usdy which has a 4.35% yeild. Bonds I know a lot are buying USDY to farm airdrops for partnering protocols, not because of their interest in this item itself. If I can do this math, so can all the whales and institutions. I promise you, most of stablecoin liquidity is coming from institutions and whales. If they did not provide that liquidity, the stablecoin market cap would be much smaller, making it much harder for stablecoin startups to function. You have to compensate their risk in participating in DeFi. That is, they got to earn beyond risk-free. And DeFi can only really do it via leverage activities.
DEAI and IXS look interesting but ONDO doesn't seem to have anything to do with RWA. They just sell a token, USDY, that you can use as collateral for borrowing.
The only "Crypto" savings are stablecoins such as PAXG, USDY etc. which grow in value.
tldr; Ondo Finance has launched its tokenized note, USDY, on the Arbitrum Network, expanding its presence in the decentralized finance (DeFi) sector. USDY, backed by short-term US Treasuries, aims to offer a secure, yield-bearing asset to DeFi enthusiasts. With a market value of $347 million, USDY's integration into Arbitrum is expected to drive growth in the platform's DeFi ecosystem, offering ARB holders new investment opportunities with an annual percentage yield (APY) of 5.35%. This move aligns with the growing interest in real-world assets (RWA) within DeFi, positioning Ondo Finance alongside major players in the market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Maker DAO holds $1.4B in US treasury bonds that back sDAI. Ondo also backs USDY with US treasury bonds. Binance just got the OK to use customer funds to purchase US treasury bonds. There are already billions of dollars in RWAs on chain. Also… the DTCC just completed a pilot with Chainlink to tokenize assets for 10 banks (American Century Investments, BNY Mellon, Edward Jones, Franklin Templeton, Invesco, JPMorgan, MFS Investment Management, Mid Atlantic Trust, State Street and U.S. Bank) on Ethereum. Not only are RWAs happening now but they’re happening way faster than expected.
It’s nothing new. Maker DAO (for example) does the same thing. When you stake DAI what’s really happening is that they’re swapping your DAI for US treasury bonds and giving you sDAI (which earns ~5% interest from the bonds). The largest RWA protocol right now is ONDO and they similarly buy US treasury bonds to back USDY. This is just Binance hopping on the RWA train.
Why do you think the SEC isn't providing clear regulations for the industry and stonewalling growth? Why do you think despite all this, the SEC approved the Blackrock BTC ETF? How do you think thhat despite the SEC's power, Blackrock, the institute managing the US government's asset book, got the SEC to approve the ETF? This isn't some conspiracy, big players have entered this market now. Players that want to control the flow, get paid all the fees, get their pockets filled. USDY is Blackrock's stablecoin, and will be backed by Wall street's most influential. Banks don't want to work with Tether because banks want Tether to fuckin die. They are stonewalling waiting for their desired replacement. I hope you enjoyed this lesson.
tldr; Ondo Finance has made a significant move in the Real World Asset (RWA) tokenization sector by transferring $95 million into a tokenized fund managed by BlackRock, marking the first instance of a crypto protocol utilizing such a fund to enhance its services. This initiative has led to a surge in market values for Ondo Finance and other projects in the RWA sector, with Ondo Finance now boasting a market capitalization of $1.3 billion and a tokenized asset portfolio of around $200 million. The firm focuses on tokenizing stable, income-generating assets from the traditional financial sector, offering products like the OUSG fund and the USDY stablecoin to accredited investors and the retail market, respectively. These steps have significantly increased Ondo’s valuation and positioned it as a leader in the growing RWA sector, now valued at around $9.3 billion. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.