Stablecoin market cap breaks through $200 billion mark! According to Coinbase analysts, this growth is closely related to investors’ pursuit of high returns on on-chain lending. DeFi platforms such as Aave and Compound have seen their annualized interest rates soar to 10-20%, attracting a large amount of capital inflows. At the same time, the returns of yield tokens such as sUSDe are also rising. Bitcoin’s strong performance has further fueled this trend. What do you think of the role of stablecoins in DeFi? Feel free to share your thoughts in the comments section!