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Sky Leads In Yield Bearing Stablecoin TVL
Sky Protocol maintains a healthy lead on its yield-bearing stablecoin SUSD volume with $5B+ supply across DeFi with sub 4% average APY rewards.
Stablecoin yield-bearing market is moving in parallel to payment stablecoins (Didier Waemals / Unsplash)
Sky’s yield-bearing stablecoin maintains its lead.
Sky’s SUSD stablecoin continues to sit at the top of the yield-bearing category, with around $5.2M in current supply according to DeFiLlama. The trailing 30 day average for the rewards is at 3.74%, considered somewhate low-to-moderate risk for DeFi.
Yield-bearing stablecoins are growing alongside payment stablecoins. Issuers such as Circle have also benefited from offering stablecoins with underlying reward mechanisms, such as its USYC stablecoin that has recently grown in supply to $2.79B with an average APY of 3.14%.
On the regulatory front, digital asset companies and the banking industry over at the U.S. are still at a crossroads as it pertains to regulating stablecoin yields. According to latest Polymarket stablecoin odds, the Clarity Act is a coin toss.
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