Shocking stat of the day: Adjusted Stablecoin volume is projected to reach $719 TRILLION by 2035, according to a new report from Chainalysis. This projection is assuming organic growth alone. When factoring in macro catalysts, Chainalysis says this figure could approach $1.5 quadrillion. In fact, Stablecoin payment volumes are on pace to match Visa and Mastercard’s off-chain transaction volumes somewhere between 2031 and 2039. This comes amid a massive shift toward Stablecoin infrastructure, with Western Union, $USDPT, Fidelity, $FIDD, Meta, and many other Fortune 500 companies preparing launches. The ecosystem is also evolving, such as Jupiter's $JUPUSD, which returns yield back to the ecosystem and has been attracting large inflows. Stablecoin adoption is skyrocketing.

Every stablecoin transfer on a public chain broadcasts who sent it, who received it, and how much moved. For a business moving money, privacy is paramount. We just launched private payments on Polygon. Here's how it works.

DeFi needs new high-yield, high-risk products onchain. Everyone knows DeFi yields are too low for the risks we take, so while we reduce exploit risks on one side, we need new financial primitives for high yield. The demand for these products already exists. Despite the risks the demand for high yield products is high: • High yield corporate: ~7-9% • Private credit: ~8-12%, some strategies up to 15% • Private equity: ~12-18% (7-10 year lockups) In contrast, stablecoins yield between 3% to 5% and that's because rsETH hack temporarily increased yield. Seriously, DeFi risk profile looks good when you compare to private credit: illiquidity, years of lockups, unclear valuations and now withdrawal limits. But private credit still attracted $1.5T anyway because 8-12% on USD is hard to find elsewhere. That could be our target group currently underserved onchain. ---- We had amazing yields but the old yield model was reflexive. Bull markets push leverage demand up, which pushes yield up. Bear markets run the loop in reverse: TVL leaves, leverage demand collapses, yields compress. Emissions and points were really fun but temporary. The yield is gone when emissions stop, and mercenary capital leaves after TGE. We need to leave this circular economy. One innovation is undercollateralized lending but it's hard without identity. Maple tried this in 2021 and got rekt with ~$36M in bad debt from 3AC, Alameda etc. They stopped it now. Centrifuge loans also get rekt often but that's a risk lenders should be willing to take. Anyway, seems that the current innovation is still at importing TradFi yield instead of building crypto yield. Ethena's USDe with perps funding rates is truly unique. But even they are relying more on TradFi yields recently. Another recent 'innovation' is RWAs wrapping emerging market stables paying 10% local rates (with USD delta-neutral strategies). E.g. Brix on MegaETH. Tokenized stocks potential is also underdeveloped but will help: Borrow against tokenized SPX500 without selling which brings crypto native borrower demand but with real world collateral. Still early. What's actually missing is crypto native yield primitives. Something like: • Uniswap LP pools were the OG (and ETHlend). Yield from swap fees, paid by people actually trading. Still relies on crypto cycles but should reduce if payments increase (due to multiple stablecoin swaps required) • Fluid turns debt into LP positions. The borrowed liquidity also earns trading fees. • Liquity's BOLD pays yield from stability pool deposits and liquidation discounts. • Pendle splits yield-bearing assets into principal and yield tokens. Created a yield-trading market that didn't exist before. • Perp DEX LP vaults like Hyperliquid HLP. LPs earn from trader losses and funding rates. • Jito style MEV captured at the staking layer. The risk profile of these products is higher than wrapped T-bills. But they should give much higher yields. Private credit teaches that institutions are good at selling degen yield to their customers. DeFi could do the same. Hope we can find 10%+ yields from onchain mechanics soon. This will attract a new group of people, pump TVL and our bags as a result.

Your chain's stablecoin TVL is generating yield for someone else. Ankr has partnered with @LucidLabsFi to change that. Any chain built on Ankr can now turn idle stables into recurring revenue for its own treasury.