The supply of yield-bearing stablecoins decreased by 15% during the second quarter, driven by contractions in sUSDe and sUSDS, according to CoinTelegraph. This decline reflects a shift away from certain yield-bearing tokens in the crypto market.
Meanwhile, Treasury-backed stablecoin products such as BUIDL, USYC, and USDY continued to expand throughout Q2, suggesting growing investor confidence in assets backed by government securities. These Treasury-backed options appear to be gaining traction as alternatives within the stablecoin sector.
For Japanese investors, this trend highlights the evolving landscape of stablecoins, where security and backing play an increasingly significant role in asset selection amid ongoing regulatory scrutiny in Japan’s crypto markets.