Solana's DeFi Development Invests in Stablecoin Protocol Apyx

Solana's DeFi Development, a Nasdaq-listed company, has announced a strategic investment in the stablecoin protocol Apyx. According to Odaily, the specific amount of the investment has not been disclosed. The move aims to establish an early presence in the emerging category of dividend-backed stablecoins (DBS). The Apyx model is designed to convert dividend flows into on-chain yields, offering scarce yield opportunities in the stablecoin market, which exceeds $300 billion. This aligns with the trend of digital asset treasury companies accumulating digital assets through preferred shares.