2025-12-09 12:32:36

The stablecoin launched by a certain payment giant has been expanding at a crazy pace lately. With network-wide incentive giveaways, its total supply has already surged to $3.8 billion—what does this scale mean? One more rally and it could catch up with that $6.6 billion synthetic dollar stablecoin.

Currently, participants can earn an annualized yield of 6%-7%. On Ethereum, the rewards are mainly concentrated in the liquidity pools of two established protocols, while additional incentives have been distributed through curation platforms to two emerging lending protocols and a cross-chain liquidity protocol. With subsidies this strong, it’s no wonder the growth curve is so steep.

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MetaverseLandlord

· 2025-12-11 15:02

How long can the money-spraying mode last? It feels like it's just giving money to the big players.

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JustHereForAirdrops

· 2025-12-11 12:49

3.8 billion USD? How long can this subsidy last? Once the incentives stop, it might just cool down. --- It's another money-printing game; such high returns must mean something is about to collapse. --- Catching up to that 6.6 billion is just a matter of time, but the real question is who will be the final bag-holder. --- A 6% annual yield is just so-so; you have to keep an eye on the risks. I prefer to play it safe. --- This round of incentive strategies is indeed brilliant, but everyone understands what will happen once the capital story is over. --- Growth figures built on subsidies look good on paper, but that doesn't mean much. --- I just want to ask, when will the money stop? And after it stops, will the value plummet instantly?

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LadderToolGuy

· 2025-12-09 13:00

Growth achieved by throwing money around isn’t real growth—let’s see who’s still standing when the subsidies stop.

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StableGeniusDegen

· 2025-12-09 12:54

The growth achieved by giving away money is essentially fake; once the incentives are gone, let's see how many people are left.

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WalletDoomsDay

· 2025-12-09 12:44

This money-throwing model has long become tiresome. As long as the subsidies continue, data can be inflated, but let's see who still participates once the incentives are withdrawn.

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GraphGuru

· 2025-12-09 12:44

Money giveaway game: whoever holds out until the end wins. The 3.8 billion is just an appetizer; the real harvest is yet to come.

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