Lido launches a $60 million expansion plan to enter the stablecoin yield sector

ETH1,09%

ChainCatcher News, according to official sources, Lido has proposed a 2026 budget plan, with an expected investment of $60 million to transition from a single product to a diversified product portfolio, targeting institutional clients and expanding stablecoin revenue business. The proposal states that it will develop stablecoin and other asset class-related products to create new revenue streams and ensure the protocol’s long-term resilience. According to Dune Analytics data, currently Lido holds a 28% market share in the Ethereum staking market, managing over 9.8 million ETH (worth approximately $34 billion).

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