According to ChainCatcher, Alea Research reported that Sky, BlackRock, and Circle collectively 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%), totaling 53.1%, with the remaining 23 products sharing the rest of the market share.
Sky, BlackRock, and Circle Control 53.1% of the Yield-Generating Stablecoin Market
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Summary
According to Alea Research, Sky, BlackRock, and Circle control 53.1% of the yield-generating stablecoin market. The market comprises 26 products valued at $21.43 billion, with sUSDS (23.8%), BUIDL (16.7%), and USYC (12.7%) leading. The crypto market remains volatile, as the Fear & Greed Index fluctuates amid rising interest in stablecoin yields.
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