TechFlow, May 21 — According to Cointelegraph, the market capitalization of yield-bearing stablecoins has reached $11 billion, accounting for 4.5% of the overall stablecoin market. This marks a significant increase from $1.5 billion and a 1% market share at the beginning of 2024.
The decentralized protocol Pendle currently holds 30% of the total value locked (TVL) in yield-bearing stablecoins, approximately $3 billion. The report indicates that stablecoins now represent 83% of Pendle's total TVL, a substantial rise from less than 20% a year ago.
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