Collateral, not yield, will decide which stablecoins win
As yield-bearing stablecoins race toward a $50 billion market capitalization, the industry is optimizing for the wrong metric, argues Artem Tolkachev, chief RWA officer at Falcon Finance.
By Mr Usman1 min readUpdated Jul 6, 2026
Collateral, not yield, will decide which stablecoins win · Photo: Unsplash
As yield-bearing stablecoins race toward a $50 billion market capitalization, the industry is optimizing for the wrong metric, argues Artem Tolkachev, chief RWA officer at Falcon Finance.
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