The stalls provided by the yield increased to $ 11 billion in traffic, which represents 4.5% of the total Stablescoin market, a strong rise of only $ 1.5 billion and a market share of 1% at the start of 2024.
Pendle is one of the largest winners, a decentralized protocol that allows users to lock fixed yields or speculate on variable interest rates. Pendle now represents 30% of all the total total stable -to -yield stable values (TVL), around $ 3 billion, the firm said in a shared relationship with Cointtelegraph.
Pendle noted that stablecoins represent 83% of its total value of $ 4 billion, a sharp increase of less than 20% only a year ago. On the other hand, active ingredients such as Ether (ETH), which historically contributed 80% to 90% of the pendle TVLs, were reduced to less than 10%.
Traditional stablecoins such as USDT (USDT) and USDC (USDC) do not transmit interest to holders. With more than $ 200 billion in traffic and interest rates in the American federal reserve at 4.3%, Pendle estimates that stablescoin holders are missing more than $ 9 billion in annual return.
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Increasing regulatory clarity benefits stablescoins
The increase in stables -coats provided by the yield occurs in a context of increasing regulatory clarity under the administration of US President Donald Trump.
In February, the American Commission for Securities and Exchange approved Ecuniques with yield as “certificates” subject to securities regulations, rather than prohibiting them. Approval allows the yield stablecoins to operate according to specific rules, in particular registration, disclosure requirements and investor protections.
Bill proposed such as the transparency and responsibility of the stablescoin for a better economy of the big book (stable) and the establishment and the establishment of national innovation for the stablescoins American (engineering) signal a favorable management.
Meanwhile, Pendle said he expects the issue of Stablecoin to double $ 500 billion in the next 18 to 24 months. The company also plans that the yield floors to capture 15% of this market with a 75 billion dollars issue (7x growth against $ 11 billion).
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The movements of the suspension are concentrated on the market
Initially focused on the agriculture of airlines, Pendle moved to the implementation of an infrastructure layer for decentralized financial return markets.
Ethena’s StableCoin USDE currently represents around 75% of the stable TVL of pendle. However, new participants such as Open Eden, Reserve and Falcon increased the share of non -usde assets from 1% to 26% in the past year.
Pendle also develops beyond Ethereum, with plans to support networks like Solana and to integrate into the next blockchain converges Aave and Ethena.
The interest in yield generating strategies in the cryptocurrency sector has increased in recent years, driven by retail and institutional investors seeking to maximize yields on their digital assets.
On May 19, Franklin, a cash and crypto-hybrid pay supplier, announced the launch of Payroll Treasury Entertainment, which used blockchain loan protocols to help companies obtain returns on pay funds.
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