Superstate's USCC stablecoin has become a cornerstone for Aave Horizon, commanding roughly 41% of the protocol's $550 million in total value locked. The fund's appeal lies in its consistent performance—generating 5-15% yields through Bitcoin and Ethereum basis trades, which helped push its assets under management to $600 million. The integration extends across the ecosystem: Renzo, Usual, and Drift have all adopted USCC as collateral, signaling broad institutional confidence.

The opportunity attracting institutions is compelling. Treasury holders are depositing assets into Horizon, borrowing stablecoins at 4-8% rates, and then deploying capital into basis trade strategies yielding 15%. This arbitrage between borrowing costs and trade returns creates a straightforward yield path for traditional finance players entering crypto markets.