$ADA
Cooling DownSnapshot Window: 2026-07-22 12:20 UTC · ← Back to Crypto Overview
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Verbatim Community Citations & Social Evidence 1 source posts analyzed
Cyrille Briere’s( @cyrille_briere ) thoughts on yield bearing stablecoins. Cyrille: “Ethena was never transparent with this, from time to time it was a stablecoin, then it was a tokenized-carry trade, then back to a stablecoin, I guess it depends on the audience.” [Spoken audio]: Trade and now it's t-bills. I didn't even know they do defi now and people got into a strategy And I had no idea that it could change at some point. So actually started this term yield brings stable coin That's I don't know But even if you know where we're never really transparent on on this day There were some day some day that would say it was a stable coin some day that would say it Oh, no, we're not a stable coin. It's a strategic dollar. They always call it the synthetic dollar It depends. From time to time, it was stablecoin, then it was a tokenized carry trade, then back to stablecoin. I guess it depends on the audience they are talking to. They also have a stablecoin, the USDTB, which is backway middle from BlackRock, so that's why I think they have to... Like, they have a stablecoin and a synthetic lower, but yeah, whatever. Back to the point, it's important to call stablecoins stablecoins and to call vaults rather than yield-bearing stablecoins when they are just vaults. And because when you enter a vault, you know that there can be different packing strategies. And then, like, curious people. I know many people are not curious enough. Maybe they just won't yield them, period. But at least when you enter into a vault, you know that there's different strategies. And there are also levels to.