There are several yield-bearing stablecoins gaining real traction right now. One's backed by treasuries. One's backed by institutional credit. One's backed by AI compute lending. Here are six worth knowing right now, and what's actually backing the yield: • sUSDS: ~4% 30d APY, and it’s already huge at around ~$5.3B TVL, backed by a mix of crypto collateral and real-world assets such as treasuries, with yield funded by protocol revenue from lending and RWA strategies. • syrupUSDC: generating roughly ~4.7% 30d APY with around ~$1.7B TVL, where the yield comes from interest payments from Maple’s lending pools where capital is loaned to institutional borrowers. •USYC: backed by short-duration Treasuries and fixed-income instruments, where the yield shows up more through the token’s value drifting up over time. Recent yield has been ~3% and TVL is around ~$1.9B. • USDai: synthetic dollar backed by a mix of treasuries and infrastructure including AI compute lending, where staking into sUSDai gives exposure to those revenue streams, producing yields around ~6.5% with TVL around ~$339M. • coreUSDC: automated yield vault where deposited USDC is rebalanced across lending protocols such as Euler and Morpho along with other vault strategies, producing yields around ~6.3%. • pmUSD: stablecoin minted against tokenized gold collateral with liquidity primarily deployed into Curve where LP strategies have reportedly produced yields ranging roughly from ~9–22%. It’s not simply just tether and USDC anymore. Now we have a bunch of new options, but the yield and risk behind each one is completely different. Treasury yield breaks differently than DeFi credit yield. Both break differently than incentive-driven APY. Know which one you're holding before you park your capital anywhere.(Edgy - The DeFi Edge 🗡️)