The rapid rise in Treasury yields in the past two years has fueled demand for their tokenized versions. The 10-year yield, the so-called risk-free rate, has risen to 4.22% from 1.69% since March 2022, denting the appeal of lending and borrowing the dollar-pegged stablecoins in the decentralized finance market.
![wp-header-logo-237png - Eric Liboiron La Presse](https://i0.wp.com/ericliboironlapresse.com/wp-content/uploads/2024/07/wp-header-logo-237.png?fit=1200%2C628&ssl=1)