Ethena's sUSDe and Ondo's USDY are at the forefront of the yield-generating stablecoin market. Ethena's sUSDe has achieved a market cap exceeding $5 billion, offering an annualized yield of over 5%. Meanwhile, Ondo's USDY provides a 4% yield, supported by tokenized U.S. treasuries. Additionally, ConstructKoin's CTK is making strides by offering staking rewards between 8% and 12%, backed by real-world assets. This has attracted significant interest from both institutional and retail investors, highlighting the growing appeal of yield-generating stablecoins in the crypto market.