Dashboard Rank Is Not Treasury Policy: Why BUIDL, USYC, USDY and USTB Need a Different Review Path

Treasury Desk Brief · Stablecoin Watch Public-source monitoring Retrieved 2026-05-26 Educational discussion only Short executive summary Stablecoin market structure still looks concentrated at the top, but the layer below USDT and USDC is becoming harder for treasury and risk teams to ignore. As of the publication-day source refresh, 2026-05-26, DefiLlama showed total stablecoin market cap … Read more

Not Every Onchain Dollar Is a Stablecoin: A Treasury Taxonomy for BUIDL, USYC, USDY and USTB

Treasury Desk Brief · Treasury Taxonomy Explainer Public-source taxonomy / monitoring Retrieval date: 2026-06-01 Educational discussion only Short executive summary “Onchain-dollar” is not one asset class. A dollar-denominated token, a fiat-backed stablecoin, a synthetic dollar, a tokenized fund share, and a Treasury / RWA-like instrument can look similar in dashboards but belong in different treasury-policy … Read more

Uniswap After UNIfication: Protocol Fees, Burn Routing and the New Governance-Economics Checklist

Treasury Desk Brief · Governance Economics Impact Brief Public-source monitoring Retrieval date: 2026-06-01 Educational governance analysis only Short executive summary UNIfication was not just a “fee switch” proposal. The reviewed source pack frames it as a governance bundle covering protocol fees, burn routing, Unichain sequencer-fee routing, Foundation / Labs operating-model changes and a growth-budget path. … Read more

Stablecoin Market Share Is Moving. Reserve-Disclosure Stacks Still Differ.

Publication date: [NEEDS TEAM INPUT] Source retrieval date: [NEEDS TEAM INPUT] Category: [NEEDS TEAM INPUT] Author / editor: Treasury Desk Methodology: Read methodology Legal scope: Read product boundary What this Brief does not prove: [NEEDS TEAM INPUT: explain what cannot be concluded from this article. Example: This Brief does not prove protocol safety, investment attractiveness, … Read more