$21B+ settled

$125M USDN minted in 3 months

$2M+ paid out in yield

@noble_xyz numbers signal infrastructure moving into a default role

Native yield-bearing stables operate differently:

Clear origin layers → transparent collateral and solvency by design
Battle-tested rails (IBC, CCTP) → resilient settlement and built-in redundancy
Backed by Paradigm, Polychain, Circle → a cap table designed for scale

2026 is shaping up as the year yield-bearing stables mature into core money legos

Usage compounds steadily when the rails are solid

Early adoption builds the edge