Traditional finance interest rates are still at zero point some percentage points, but some stablecoin ecosystems have already achieved a potential annualized return of 56.7%. This kind of yield gap is no longer a matter of magnitude.

Many people's first reaction is to question: Can such high returns be sustained? Could it be a Ponzi scheme? But if you carefully analyze the USDD approach, you'll find that its logic is completely different from projects that rely purely on new funding to sustain themselves.

First is the collateral layer. USDD and sUSDD are backed by over 130% over-collateralization, meaning that even if the market experiences severe volatility, there is still enough safety cushion in asset value. Next is ecosystem depth—the billion-level funds on the Tron and Ethereum chains are not just for show; sufficient liquidity is essential to ensure smooth operation of the mechanism.

So where does this yield come from? Essentially, it redistributes a portion of the profits traditionally earned by banks, returning them to users through smart contracts and decentralized mechanisms. The basic returns of sUSDD plus incentives from liquidity mining form a dual-yield structure. You provide liquidity, and the protocol pays you returns—it's a very straightforward logic.

Of course, high returns always come with risks. Smart contract vulnerabilities, regulatory changes, and black swan market events are all potential threats. Any claim of being "risk-free" is unreliable. But if you're willing to accept certain risks and believe in the long-term value of decentralized finance, this is indeed a direction worth exploring.

Stablecoins are no longer just hedging tools; they are becoming an asset class capable of actively generating yields. This trend is still in its early stages, and the opportunity window won't stay open forever.

Disclaimer: The above content is solely a personal opinion share and does not constitute any investment advice. Cryptocurrency markets are highly volatile; please make cautious decisions based on your risk tolerance.