The holder base for DUSD keeps expanding—it's genuinely impressive to see this kind of adoption for a yield-bearing stablecoin. What makes it stand out is the engineering behind it: fully collateralized infrastructure with market neutral positioning and hedged risk management, all without leverage playing into the mix. DUSD was architected to balance competitive yield generation with fortress-level security. The fully hedged setup means downside protection actually gets built into the mechanics, not bolted on as an afterthought. For stablecoin users chasing returns without the typical risk surface, that's a meaningful differentiator. The growing holder count reflects real traction for this kind of risk-conscious yield product.