The way stablecoins are used has completely changed. The old approach of "buy and hold for a 3% annual yield" is long outdated. Now, some projects are redefining stablecoins as the core foundational asset of the DeFi ecosystem.

Taking lisUSD as an example, it is not just a collateral-backed stablecoin, but an on-chain tool with dual yield properties. Your funds can participate in multiple DeFi scenarios simultaneously—liquidity mining, lending protocols, collateralized trading—while the original collateral position continues to generate returns. It’s like having the same capital working across multiple dimensions within the ecosystem.

Another value of holding governance tokens is voting power. The greater your weight in the protocol, the more influence you have over its future direction. Compared to passive income alone, this is a way to participate in the long-term development of the project.

Many people still treat stablecoins in the simplest way—depositing on exchanges to earn interest. Honestly, that misses many opportunities. The current strategic combination space has far surpassed previous understanding.