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August 27, 2025 | Daily Yield Ep. 28

Wednesday's developments:

Hyperliquid surpasses Robinhood with $330.8B July volume: DeFi derivatives exchange outperformed publicly traded brokerage by 39.1% (vs Robinhood's $237.8B), marking 3rd consecutive month of dominance. Platform generated $111.7M in fees over 30 days with $1.36B annualized revenue, capturing 35% of all blockchain revenue in July. 24/7 operations and stablecoin-based liquidity enable direct market access without intermediaries.

Japan's SMBC partners with Avalanche for nationwide stablecoin infrastructure: Sumitomo Mitsui Banking Corporation, one of Japan's largest banks, collaborates with Densan System Co and Avalanche to build stablecoin infrastructure across 65,000 retail locations. Partnership covers complete lifecycle from issuance to settlement, targeting B2B payments, consumer transactions, remittances under Japan's revised Payment Services Act.

Tether launches multi-hop USDT transfers: New feature enables single-transaction transfers across multiple blockchains, connecting Tron to Arbitrum and other networks through legacy mesh system. Addresses $150B USDT market demand for seamless interoperability, directly competing with bridge protocols that charge separate fees per network.

Google Cloud unveils layer one blockchain specifications: Google Cloud Universal features Python-based smart contracts targeting traditional developers beyond crypto-native languages. Platform designed for regulated financial services with native commercial bank money and 24/7 capital markets infrastructure, emphasizing neutrality compared to competitor blockchains from Stripe and Circle.

YZi Labs invests in USDai as protocol hits $62M TVL: AI-powered stablecoin protocol backed by computing resources and GPU hardware receives strategic investment. Operates USDAI for transactions, USDAI for yield using real-world computing assets as collateral, making it easier for AI companies to collateralize massive GPU units.

Syndicate Network launches under Wyoming DUNA framework: Becomes first major decentralized network to operate under Wyoming's Decentralized Unincorporated Nonprofit Association structure, operating entirely within US jurisdiction without offshore entities.

Stay Stable,

The Stabledash Team

_{This content is for informational purposes only and does not constitute financial, investment, or legal advice.}