On September 3, PANews reported that Alea Research found that Sky, BlackRock, and Circle together account for half of the yield-bearing stablecoin market. The market comprises 26 products with a total value of $21.43 billion. The top three are sUSDS (23.8%), BUIDL (16.7%), and USYC (12.7%), collectively representing 53.1%, while the remaining 23 products share the rest.
Alea Research: Sky, BlackRock, and Circle Hold 53.1% of the Yield-Generating Stablecoin Market
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Summary
Alea Research noted that Sky, BlackRock, and Circle control 53.1% of the yield-generating stablecoin market as the crypto market continues to consolidate. The sector includes 26 products valued at $21.43 billion, with sUSDS (23.8%), BUIDL (16.7%), and USYC (12.7%) leading. Amid shifting sentiment, the Fear & Greed Index remains a key barometer for traders monitoring stablecoin activity.
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