Cardano Stablecoin Offers 50% APR. What's the Catch?

Bodega Market now lets users bet on whether RealFi’s Cardano stablecoin reaches $1 million in deposits on Strike Finance. Cardano founder Charles Hoskinson called for the bet while its Strike market lists a yield near 50%. However, the yield-bearing token earning that rate absorbs portfolio losses before ordinary holders do. What Backs a Cardano Stablecoin Paying Near 50%? RealFi issues USDrf, a dollar-pegged token backed by off-chain real-world assets . The team says direct lending to businesses forms the core of the portfolio, alongside Treasury bills and floating-rate bonds. Holders of the Cardano stablecoin can stake it for sUSDrf, whose value moves with that portfolio. According to RealFi’s code submission on GitHub , protocol reserves take losses first, followed by sUSDrf holders.

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