Yield-Bearing Stablecoin Supply Falls 15% in Q2 as sUSDe and sUSDS Contract

USDY-0.01%
Yield-bearing stablecoin supply fell 15% in Q2 2026, with sUSDe and sUSDS experiencing significant contractions. In contrast, Treasury-backed products including BUIDL, USYC and USDY continued to expand, signaling a shift in market preferences toward government-backed alternatives.
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