
Stablecoin Report #3: The Yield War
The CLARITY Act yield ban draft wipes 20% from Circle in a single session. Drift Protocol loses $200M. The yield war is here — and DeFi's carveout is intact.

Alto Protocol connects collateral deposits, stablecoin issuance, incentive distribution, and governance into a single revenue loop — a structure no competing protocol has replicated in full.

The CLARITY Act yield ban draft wipes 20% from Circle in a single session. Drift Protocol loses $200M. The yield war is here — and DeFi's carveout is intact.

Pooled lending and isolated markets represent two fundamentally different approaches to risk in DeFi. Understanding the difference is the key to navigating lending protocols intelligently.

Total stablecoin market cap hits $320B as banks issue stablecoins, insurers settle in USDC, and 12 European banks build a euro stablecoin. The institutional takeover is here.

Stablecoins reach $309B as yield-bearing assets, tokenized Treasuries, and institutional DeFi reshape the on-chain economy.

Alto, a credit and incentives protocol built around its native DUSD stablecoin, is now live on Ethereum mainnet in a guarded launch.

This article explains how Alto plans to grow usage while keeping users and the protocol aligned over the long term.

Forget rented liquidity. Alto introduces a new economic model where user rewards are captured to build a permanent, self-sustaining treasury.

The Alto Protocol public testnet is live on Ethereum Sepolia. Try borrowing, leverage, staking, and rewards today.