Among all stablecoins, the ones that can truly 'generate yield' are few and far between. This chart from @ethena_labs is pretty savage. The current market cap of sUSDe is $11.85 billion, ranking third in the stablecoin sector. It’s also one of the highest-yielding mainstream stablecoins, with an annualized yield of about 9% right now. What’s more, its interest comes from solid protocol revenue. On top of that, the ongoing $260 million ENA buyback by StablecoinX is steadily progressing, which could further fuel bullish market sentiment. What’s even more critical is that the fee switch is about to be activated, and sENA might share protocol revenue for the first time. Could it become the next strongest yield-generating asset? What do you all think? Feel free to share your thoughts in the comments!