comparison read
Understand the difference between a simple stablecoin claim and a yield-bearing stablecoin wrapper.
What this page answers
A stablecoin asks whether the token can hold its anchor. A yield-bearing stablecoin adds another question: where the yield comes from, and whether that yield changes liquidity, redemption, or counterparty risk.
The visual layer stays tied to the underlying product category, while the table separates issuer, access, source freshness, and visible depth.
| Read | Stablecoin | Yield-bearing stablecoin |
|---|---|---|
| Primary question | Can it hold peg? | What pays the yield? |
| Risk split | Backing, redemption, market depth | Backing, yield source, redemption, wrapper complexity |
| Bathymark phrase | Liquidity is not backing | Yield is not safety |
| Data needed | Supply, price, peg drift | Supply, price, yield source, redemption, liquidity |
A stablecoin asks whether the token can hold its anchor. A yield-bearing stablecoin adds another question: where the yield comes from, and whether that yield changes liquidity, redemption, or counterparty risk.
No. Bathymark compares claims, visible data, source freshness, redemption, and wrapper risk. It does not recommend buying, selling, or holding.
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