Yield-Bearing Stablecoin Supply Drops 15% in Q2, Ending Three-Year Growth Run
Hashnote's USYC, a Treasury-backed token, saw continued supply growth in Q2, as per the article.
- ▲ Growing demand for tokenized U.S. Treasuries
- ▼ Hashnote platform risks
- ▼ Competition from larger players like BlackRock
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How does USYC generate yield?
USYC is backed by U.S. Treasury securities, and its yield comes from the interest on those underlying assets, passed through to token holders.
Is USYC supply growth sustainable?
Sustainability depends on continued demand for regulated yield products and competitive yields versus other offerings; the article implies current demand is strong.