Is your digital dollar still "lying flat"? Something called a "yield-based stablecoin" is quietly changing the rules of the game, like the "Yue Bao" of the crypto world, allowing your stablecoin to make its own money. It's skyrocketed 382% in the past year, with a total size of more than $11 billion, but that could be just the beginning. #DeFi #Stablecoin To put it simply, the difference between it and USDT/USDC is like a demand deposit and "Yue Bao". What you hold is no longer "dead money", but "living money" that can share the benefits of the underlying assets. These yields come either from real-world assets (RWAs) like U.S. Treasuries, or from advanced on-chain hedging arbitrage like Ethena. Essentially, it transforms stablecoins from a payment tool into an entry-level financial product that everyone can participate in. Why do you think it has so much potential? Because it solves a global need: many people want to hold US dollars to preserve their value, but traditional channels have high barriers to entry and low interest rates. Yield-based stablecoins fill this gap. Now, with the entry of giants like BlackRock and the gradual clarity of regulation, it can be said to be on the cusp. Taking a share of the 250 billion stablecoin market, or even challenging the 7 trillion traditional monetary fund, is too much room for imagination.