When stablecoins begin to "earn interest": a new crypto wealth in the tens of billions market, who is really helping you earn passive income?

Original Title: Stablecoin Update May 2025
Original Source: Artemis
Original Compilation: Bitpush


In the crypto market, stablecoins are no longer just "stable" – they are quietly helping you make money. From U.S. Treasury yields to perpetual contract arbitrage, yield-bearing stablecoins are becoming the new income engine for crypto investors. At present, there are dozens of related projects with a market value of more than $20 million, with a total value of more than $10 billion. In this article, we will break down the revenue sources of mainstream interest-earning stablecoins, and take stock of the most representative projects in the market to see who is really "making money" for you.



What

is an interest-bearing stablecoin?


Unlike regular stablecoins, such as USDT or USDC, which only serve as a store of value, interest-bearing...

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