Why does the fast-growing yield-bearing stablecoin landscape critically need @Terminal_fi + @ethena_labs to scale? Because liquidity is already moving. @ethena_labs’ USDe has exploded into the third-largest stablecoin, and Terminal’s pre-deposit phase has crossed $300M: • $230M USDe via @pendle_fi • $65M PT-tUSDe on Euler • $10M LP-tUSDe on Morpho On Pendle alone, 230M+ tUSDe has been deposited by 1,500+ wallets, the highest-yielding USDe option live, and a new pool expiring in December just launched. The first DEX deployment of Terminal is expected before the end of this maturity: The proliferation of USDtb from BlackRock, USDe, USDm, and USDh makes one thing clear: DeFi infrastructure must evolve to handle assets that appreciate over time. Aave’s Catalyst Aave governance is preparing to onboard tUSDe December-expiry PT tokens into V3 Core. This step taps into Ethena’s USDe liquidity and extends the PT model that’s already a growth driver for Aave. It signals...
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