Author of the news: Crypto Emergency
The yield of stablecoins in 2025 remains high; however, analysts warn about the risks of dependence on marketing payouts. DeFi researcher Tindorr named projects whose mechanisms, in his opinion, will maintain value even after the termination of bonus programs and points in 2026.
Institutional Lending
Examples of 'real yield' in the sector — projects syrupUSDC and syrupUSDT from Maple Finance.
• The institutional-grade platform issues short-term loans with over-collateralization only to verified organizations.
• Users deposit USDC or USDT and receive ERC-4626 standard tokens, the value of which increases due to interest payments.
• In 2025, the assets under management by Maple exceeded $4.5 billion.
• Additionally, syrupUSDT began to be accepted as collateral on the Aave V3 platform.
Funding for AI capabilities
The stablecoin USDai connects crypto capital with the market for artificial intelligence equipment.
• Funds are directed to AI infrastructure operators, who pay interest from real revenue.
• If capital is temporarily unused, it is invested in short-term US Treasury bonds.
• According to the expert, this transforms stablecoins from settlement instruments into financing tools for real industries.
Trust-based Loans
The 3Jane project with the USD3 token offers a collateral-free lending model.
• Borrowers are assessed based on creditworthiness and network behavior data. • The system uses risk tranches: holders of USD3 receive stable income, while owners of sUSD3 take on first loss risk for an increased rate.
• Despite the risks of defaults, the model opens a new avenue for DeFi growth.
Over-the-Counter Strategies
The synthetic dollar NUSD from Neutrl monetizes access to over-the-counter markets.
• The project employs delta-neutral strategies that allow for profit regardless of BTC or ETH fluctuations.
• Users stake coins and receive sNUSD, the value of which increases from trading operations.
• According to Tindorr, this is one of the most interesting experiments of 2025 that makes complex strategies accessible to a wider audience.
Conclusion
The analyst concludes that sustainable yield models are now tied to specific economic functions. This reflects the transition of the DeFi sector into a 'mature' phase, where stablecoins become fully-fledged financial instruments.
