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Looking for a new narrative? Marc Boiron, CEO of Polygon Labs, has one for ya: yield-bearing stablecoins. 

Once these stablecoins are better understood, they’re set for takeoff, Boiron said. In fact, he wouldn’t be surprised if it ends up driving “a decent amount of activity in 2025.”

So far, stablecoins (not just yield-bearing ones) are up to a $207 billion market cap, per rwa.xyz data.

It’s not just the yield that’ll draw stablecoin activity, it’s also the regulatory clarity that we’re seeing over in Europe courtesy of MiCA. It’s even looking more and more likely that the…

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