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USDe pays double-digit yield by going long spot crypto and shorting the same coin's perpetual futures. It works — until funding flips negative.
Digital Asset Holdings, the enterprise blockchain infrastructure firm behind the DAML smart-contract language, is…
Ethena's USDe pays yield through ETH perp funding rates, not bank deposits. The mechanism is clever but the trade has real failure modes that can collapse headline APY.
DTCC tokenization, a $96M ETH ETF day, and a quiet CPI miss collide with stablecoin margin compression and a $23M RWA exploit.
CLARITY Act momentum collides with an August deadline it likely cannot meet, while ETF flows, RWA tokenization and macro shocks tug the tape in opposite directions.
BFUSD, USD0, and USDF all pay yield but get it from very different places. Here is the structural breakdown of perp funding, RWA collateral, and synthetic dollars.
Geopolitics punctured a fragile bounce, but the regulatory tape tells a deeper story about how Washington now frames digital assets.
BTC slides under $60K and ETFs bleed a record $6.4B, yet M&A runs 26x higher and Coinbase keeps shopping. The crowd and the money are reading two different markets.
We rank 10 RWA tokens by verifiable on-chain AUM, issuer revenue, and protocol fees, not marketing TVL. Several 'RWA coins' mostly recycle stablecoins.
RWA listings now claim one in five CEX slots, ETF flows turn after eight weeks of bleeding, and a Hedera oracle exploit reminds the market what utility actually costs.
Retail is capitulating while desks quietly rotate into ETH, Aave, and a Hyperliquid bid the crowd still hasn't priced in.
DeFi TVL bleeds, ETF outflows hit a record, yet stablecoins ship in Japan and banks wire up tokenized rails. Today's signal is the gap.
USDY, OUSG, and USDC may all represent dollar value on-chain, but their yield, redemption, access, tax, and liquidity mechanics differ sharply.
Ethena's USDe dollar posts double-digit yield by going long spot ETH and short ETH perps, but the trade depends on funding rates staying positive and counterparty solvency holding.
Celsius commingled customer funds, then went bankrupt. Over a million users waited years to recover pennies on the dollar. Here is what tokenized-asset holders must learn from it.
Attention is rotating off bleeding BTC and onto tokenization, stablecoins and AI infra. The trade isn't which coin, it's which plumbing.
Sky backs its dollar with crypto collateral; Ethena earns it with perpetual futures; Frax tried a middle path and nearly collapsed. Here is how each model works and where each one breaks.
Tokenized T-bills carry yield but settle slower and carry KYC baggage. USDT and USDC are faster and more flexible. Here is how to pick.
ONDO holders don't receive OUSG or USDY yield. The token gives governance rights while Ondo Finance keeps most fee revenue. Here's how the cashflow really flows.
US spot ETFs bled $4B in June while Tokyo, Seoul and Luxembourg quietly absorbed the next wave of structural adoption, drawing a sharper line between retreat and construction.
CoinTelegraph
Marco De Santis
Ethan Brooks
Sofia Almeida
Lina Haddad