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Sweet Ayat🥀
I took a look at Alea's data.
There are 26 yield-bearing stablecoin products totaling 21.4 billion,
Sky, BlackRock, and Circle directly take half.
sUSDS, BUIDL, USYC, the top three account for 53%.
The remaining 23 are scrambling for the leftovers.
The excitement is real, but decentralization is fake.
This market isn't about who can talk yields better,
it's about who is stable enough, experienced enough, and whose money dares to go in.
It's hard for latecomers to get a share. $USDC $CRCL
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