Recently, I noticed a new approach—earning USD-denominated yields without touching stablecoins.

The yield source is quite stable, backed by institutional-grade real world assets (RWA), and the product level has already addressed currency and issuer risks. Looking at historical performance, this strategy outperforms simply parking funds in stablecoins for interest, and even yields higher returns than direct exposure to U.S. Treasuries.

Simply put: if you want USD-denominated returns but don’t want to take on the potential depegging risks of USDT/USDC and other stablecoins, this is indeed a solution. For players with larger amounts of capital, it’s worth paying attention to, as it diversifies risk while maintaining a solid annualized return.