Did an interview last wek with the co-founder of a decentralized yield-bearing stablecoin project that I’m very bullish on.

Here’s the rundown:

	•	It passes T-bill yields directly to stablecoin holders.
	•	They’re launching a token solely for staking to earn revenue, not just another governance token.
	•	Staking this token lets you claim fees from [redacted], which is backed by short-term T-bills.
	•	Imagine Circle had a token where you earned a slice of their revenue—that’s the model.

For example:

	•	Staking [redacted] lets you claim [redacted] fees.
	•	[Redacted] supply is fixed, while [redacted] grows, increasing fees.
	•	If [redacted] grabs 1% of the market, $8 million in fees would go to stakers. At 5%, that’s $40 million, translating to $100k annually for 0.25% staked ownership.
	•	Early minters of [redacted] will receive bonus rewards.

I’ll dive deeper in the next Unstable Insights newsletter.

P.S. The chart shows revenue potential for stablecoins.

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Writing about Stablecoins and blockchain payments | Sometimes a degen

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