Gyroscope Rolls Out Yield-Bearing Version of Stablecoin Targeting Over 10% Yield

Mountain Diplomacy’s USDM, for example, backs its price by holding U.S. Treasuries, but passes on the bond yields to token holders unlike stablecoin titan Tether’s USDT. Maker’s stablecoin shares protocol revenues from its real-world asset (RWA) backing and DeFi for activity for savings DAI (sDAI) holders. Meanwhile, Ethena’s “synthetic dollar” USDe harvests the funding rates with a capture trade, and shares the revenue with those who lock up (stake) the token on the protocol.