Ondo USDY Jumps 66% As Ethena sUSDe Sheds $2B
Yield-bearing stablecoins shed $3.5B in Q2 2026 as Ethena’s sUSDe fell 52%. Ondo’s USDY jumped 66%, marking a rotation from synthetic to RWA yield.
ONDO$0.4082+2.45%MPL$0.0000-87.43%PAXG$4,023.01-1.11%XRP$1.07-1.62%ETH$1,921.69-0.65%SOL$74.06-1.88%ONDO$0.4082+2.45%MPL$0.0000-87.43%PAXG$4,023.01-1.11%XRP$1.07-1.62%ETH$1,921.69-0.65%SOL$74.06-1.88%