Yield-Bearing Stablecoin
German: Verzinslicher Stablecoin
A token holding a stable reference value while passing through investment income; under MiCA, e-money and asset-referenced token issuers may not grant interest, so such products are usually funds or notes rather than stablecoins in the regulatory sense.
Treasury readers comparing on-chain yield options and needing the classification before the yield number.
Verzinslicher Stablecoin — Ein Token mit stabilem Referenzwert, der Anlageerträge weiterreicht; nach MiCA dürfen Emittenten von E-Geld-Token und vermögenswertreferenzierten Token keine Zinsen gewähren, weshalb solche Produkte regelmäßig Fondsanteile oder Schuldverschreibungen sind.
Looking for how this maps to its traditional-finance counterpart rather than a standalone definition? See the Term Bridge, which also flags where the obvious analogy is wrong.