TechFlow reports, Ondo's COO Justin Schmidt predicts the total potential market for yield-bearing stablecoins could surpass current demand in the stablecoin market.
He believes anyone holding a pile of dollar-denominated assets should treat them as yield-generating assets, just as commonly seen in traditional finance. Current stablecoins are backed by Treasuries, meaning it is the issuers—not the token holders—who capture the yields.
Notably, Ondo recently launched its governance token and currently offers two tokens providing yields from U.S. Treasury securities.
Add to Favorites
Share to Social Media
