Is your digital dollar still "lying flat"? Something called "yield-bearing stablecoins" is quietly changing the game, like a "Yu'ebao" for the crypto world, allowing your stablecoins to generate income on their own. Over the past year, it has skyrocketed by 382%, with a total scale surpassing $11 billion, but this may just be the beginning. #DeFi #Stablecoin In simple terms, the difference between it and USDT/USDC is like the difference between a demand deposit and "Yu'ebao". What you hold is no longer "dead money", but "living money" that can share the returns of underlying assets. These returns come either from real-world assets (RWA) like U.S. Treasuries or from advanced strategies like those employed by Ethena for on-chain hedging and arbitrage. Essentially, it transforms stablecoins from a payment tool into an entry-level financial product that everyone can participate in. Why do I think it has huge potential? Because it addresses a global need: many people want to hold dollars for value preservation, but traditional channels have high barriers and low interest rates. Yield-bearing stablecoins perfectly fill this gap. Now, with giants like BlackRock entering the space, and regulations becoming clearer, it can be said to be standing at the forefront. Taking a slice of the $250 billion stablecoin market, or even challenging the $7 trillion traditional money market fund, the possibilities are immense.