$2.5 billion in profits has already been realized, and the next round of large funds is on the way!

Recently, I looked at the annual data for yield-bearing stablecoins, which really speaks volumes—by 2025, this sector has already generated over $2.5 billion in real returns, with sUSDe accounting for nearly a quarter of that. These are not just on-paper numbers; they represent real on-chain fund flows.

From the on-chain indicators I continuously monitor:

The weekly stablecoin staking volume surged by 38%, indicating large amounts of capital quietly deploying;

BlackRock’s BUIDL fund holdings have surpassed $1.2 billion, as traditional financial giants accelerate their entry into this space;

sUSDe’s daily trading volume hit a historic high of $170 million, turning yield-bearing stablecoins into an institutional-level "ammunition depot."

The core takeaway is two words—building positions.

The characteristics of this stage are very clear: capital is shifting massively from traditional financial products to native crypto yield solutions, coupled with the start of a new Fed rate cut cycle, signaling a turning point in market liquidity.

Next, we should focus on a few key directions:

BTC has a high probability of reaching new highs in Q1 next year; any pullback could be a good entry point;

The price premium rates of BUIL and sUSDe are worth long-term tracking, as they hide many opportunities for structural arbitrage;

In asset allocation, a strategy leaning toward yield-bearing stablecoins combined with mainstream coin staking is advisable.

The bull market has never been driven by hype; it’s built step by step through accumulating on-chain data. $ETH