Insights
Evaluating the Yield Premium in a Novel Asset Class Yield-bearing stablecoins (YBS) have emerged as a prominent decentralized finance (DeFi) asset class of 2025. Combining the price stability of a fiat-pegged asset (implying there is no downside) with a native yield (essence of DeFi). This creates a compelling proposition for
Project Spotlight
The most prevalent issue within the stablecoin landscape is the fragmentation of liquidity. With new variants of tokenised USD seemingly launching daily, each version becomes significantly less valuable due to the increased cost of swaps and division of integrations. Enter Perena who aims to tackle these capital inefficiencies specifically on
Research
This research was possible thanks to our Strategic Partner - Plasma The global financial system currently runs on decades-old infrastructure, sustaining frictions that act as a tax on economic activity - a problem particularly prevalent in the emerging markets. In response, new financial rails are organically emerging on public blockchains,
Insights
The Plasma XPL public sale, launched on 17th and set to end on the 28th of July, has been a resounding success, so far raising $66,237,736 in cumulative sales across 2195 unique addresses, with an average investment of $30,177 per participant. The sale allocates 1 billion XPL
Project Spotlight
Having recently launched their whitepaper (March 2025) Ubyx has made waves across the stablecoin ecosystem. This article will give you an overview of their novel approach to solving one of the industry’s most prevalent issues. Something that has played a large role in stablecoins not achieving mainstream adoption – singleness
Legal
A new US Senate Proposal could significantly change how everyday crypto users are taxed. Under the bill introduced by Senator Lummis on July 3, 2025, payment stablecoins would be treated by the IRS as cash equivalents, and excluded from de minimis exemptions applicable to other digital assets. The bill also
Insights
The Risk-Free Rate in DeFi In traditional finance (TradFi), the “risk-free rate” is the most commonly used benchmark of the return on investment with zero chance of losing the principal. Think U.S. Treasury bills (T-bills), backed by the U.S. government’s ability to print dollars at will (this
Legal
In a milestone move for the US crypto policy, on June 17, 2025 Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. It’s the first comprehensive federal framework for stablecoins. The key question is whether such a cautious approach addresses the complex realities of
Insights
Yield-bearing stablecoins are on the rise. You can see this in different metrics tracked on our site: the total market capitalization of yield stablecoins, the number of such products launching over the past months, and the total yield paid out to users. Let’s dive into the data. Yield stablecoins
Legal
The GENIUS Act, passed by the Senate on June 17, 2025, prohibits permitted payment stablecoin issuers from offering interest, excluding yield-bearing stablecoins (YBS) from the payment framework and placing them under securities or other financial regulation. While intended to safeguard stability, some argue it may constrain innovation and shift opportunity
Insights
Stablewatch is excited to announce our strategic partnership with Plasma, a collaboration that represents a pivotal moment for our platform and the broader stablecoin ecosystem. This alliance will empower the Plasma network with comprehensive, high-quality stablecoin data while enabling both companies to support pioneering founders building the future of digital
Insights
Not all stablecoins are the same. In practice, stablecoins serve two core purposes: Moving money → payment stablecoins Growing money → yield stablecoins This simple distinction is by no means exhaustive, yet it is helpful and can be illuminating for many. It should guide how we design for adoption, user experience, regulation,