Even the village chief is asking how to make money with stablecoins. Should we just buy USDT? Today, Messari released a 128-page report titled "The State of Stablecoins," and the China Merchants Research Institute also published a similar report. Nowadays, if you don't mention stablecoins, you might feel embarrassed to greet someone. I learned a lot from the report. Stablecoins can be divided into payment, trading, and yield types. Wow, there are so many kinds of stablecoins? Let's dive in! ⬇️ The three types of stablecoins mainly differ in the types of assets they are pegged to and their pegging methods. Most payment and trading stablecoins are still aimed at compliance, usually pegged 1:1 to endogenous assets like the former UST or permissioned assets like DAI and USDC. However, many people are not familiar with yield-type stablecoins. What keeps yield-type stablecoins "stable"? The answer lies in arbitrage, redemption, and dynamic fees, driven by actual yield rates, and they are 100% decentralized. If we were to find a comparable concept, it would be akin to hedging spot leverage. That sounds too abstract; let me give you an example. ▰ Users deposit SOL into Jito and receive JitoSOL. ▰ Users mint USV with 0 interest using JitoSOL. This way, we get the DeFi native stablecoin $USV, which improves capital efficiency, generates real yields, is completely decentralized, and can effectively resist de-pegging. $USV is a yield-type stablecoin solution created by @convergent_so, powered by two absolute giants in the Solana ecosystem, @jito_sol and @PythNetwork. Interestingly, $USV hasn't launched yet, but Convergent has already fairly launched a platform token $CVGT, with no pre-sale, no VC, and no lock-up, 100% fair launch, and the CA ending with pump: B7zNKphr8fjczB71oi9uF9pCd5XSNJvBn78TVF7kpump I thought it was a low-quality project, but after checking, both Jito and Pyth's official Twitter accounts have retweeted and interacted, confirming its legitimacy. CVGT is a governance token for the platform and can be considered a cold start. I haven't seen it anywhere else, so I don't know if it's intentionally low-key or just the rhythm of the market. It rose to $8 million and has now fallen back to $2.4 million, having washed out. Currently, the official Twitter is active again, possibly indicating that USV is launching soon. If the popularity of stablecoins doesn't wane, as a yield stablecoin supported by the two major giants in the Solana ecosystem, $USV should have some movements, and the platform token CVGT can benefit from the issuance and redemption fees of the stablecoin, which is undoubtedly a huge advantage. However, all innovations are not easy. Compared to those stablecoins that everyone can understand at a glance, Convergent is worth paying attention to. This is a soft-core popular science article. Through this article, you can gain a basic understanding of the following knowledge: ▰ What are yield-type stablecoins? ▰ How does Convergent create stablecoins? ▰ Projects without VCs are considered low-quality (not really). Author: anymose | A soft-core popular science writer <End of full text> * This article is for informational purposes only and does not constitute any investment advice. Always remember to DYOR!