Yield-Bearing Stablecoins Lose $3.5B in Q2
Yield-bearing stablecoin supply fell by more than $3.5 billion in the second quarter of 2026, reversing nearly three years of quarterly growth as crypto-native products contracted and Treasury-backed tokens expanded. Crypto exchange CEX.IO reported Thursday that the category declined by 15% during Q2. Ethena’s sUSDe lost 52% of its supply, shedding nearly $2 billion, while…