
Yield-Bearing Stablecoin Supply Falls $3.5B in Q2 2026, Reversing Growth
The supply of yield-bearing stablecoins declined by over $3.5 billion in Q2 2026, reversing three years of growth, as crypto-native products like Ethena's sUSDe contracted significantly. This contrasted with the expansion of Treasury-backed tokens such as BlackRock's BUIDL, highlighting a widening divide amid a broader stablecoin market contraction.



