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Sky's sUSDS Overtakes Ethena's sUSDe as Largest Yield-Bearing Stablecoin
12/03/2025, 23:06
AI SUMMARY
●sUSDS flips sUSDe in market cap to lead yield-bearing stablecoins
●Data provided by onchain analytics platform Token Terminal
●Signifies a shift in dominance within the decentralized stablecoin market
Data from Token Terminal reveals that Sky Ecosystem's sUSDS has surpassed Ethena's sUSDe in market capitalization, becoming the largest yield-bearing stablecoin.
This shift marks a significant change in the landscape of decentralized stablecoins, highlighting growing adoption of Sky's offerings.
The milestone reflects changing user preferences and liquidity movements within the DeFi yield sector.