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CoinVoice has recently learned that, according to Cointelegraph, the market capitalization of yield-bearing stablecoins has reached 11 billion USD, accounting for 4.5% of the overall stablecoin market. This represents significant growth compared to 1.5 billion USD and a 1% market share at the beginning of 2024.
The decentralized protocol Pendle currently accounts for 30% of the total value locked (TVL) in yield-bearing stablecoins, approximately 3 billion USD. Reports indicate that stablecoins make up 83% of Pendle's total locked volume, a significant increase from less than 20% a year ago.