Ondo Finance (@OndoFinance): “The current major stablecoins don't have a great way to provide yield to holders, and in a world where 4-5% interest rates exist, this makes them inf…

“The current major stablecoins don't have a great way to provide yield to holders, and in a world where 4-5% interest rates exist, this makes them inferior to holding dollars in a bank account... ...We expect to see the next generation of successful stablecoins offer larger yield directly to holders.”—@vladtenev, CEO of @RobinhoodApp At Ondo Finance, we’ve long shared this perspective. In January 2023, we introduced the first yieldcoin to gain material adoption, becoming the market leader in bringing the risk-free rate onchain and driving 0-to-1 innovations. We believe that dollars in a bank account, and stablecoins, are both inferior to yieldcoins—and the market’s rapid growth to $2.6B validates this view. Yieldcoins combine the convenience of stablecoins with the yield of US Treasuries, while unlocking new utility that was previously impossible. Yet yieldcoins are just the beginning of a broader transformation in global finance—The Onchain Era is here.