#83: Yield Bearing Stablecoins with Coinshift

The extra steps needed to tap into DeFi protocols often intimidate web3 companies from putting idle capital to work.

Many of these companies hold large amounts of stablecoins like USDC and USDT, sitting idle and earning no yield.

Since the start of 2025, Coinshift has been redefining how users earn passive income on stable assets through their liquid lending token, csUSDL, backed by U.S. Treasury Bills.

Unlike traditional stablecoins like USDC, where users need to actively lend or stake to generate yield, csUSDL is designed to earn yield natively.

On Episode 83, I spoke with Tarun Gupta, Founder & CEO of Coinshift, to talk about the company’s business model evolution, what this pivot means for the broader stablecoin market, and how csUSDL is positioning itself in an increasingly competitive space.

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