Alea Research: Sky, BlackRock, and Circle Control 53.1% of Yield-Bearing Stablecoin Market

Alea Research reported that Sky, BlackRock, and Circle collectively hold over half of the yield-bearing stablecoin market. The market currently consists of 26 products with a total valuation of $21.43 billion. The top three products are sUSDS (23.8%), BUIDL (16.7%), and USYC (12.7%), which together account for 53.1% of the total market share, while the remaining 23 products share the rest.