The market capitalization of yield-generating stablecoins has reached $11 billion, accounting for 4.5% of the overall stablecoin market. This represents significant growth compared to $1.5 billion and a 1% market share at the beginning of 2024.

The decentralized protocol Pendle currently holds 30% of the total locked value (TVL) of yield-generating stablecoins, approximately $3 billion. Reports indicate that stablecoins make up 83% of Pendle's total locked value, a significant increase from less than 20% a year ago.