Andrew Kang predicts public companies will hold wrapped USDe instead of cash or treasuries by next year due to its superior yield. This aligns with the broader theme of a "TradFi to DeFi carry trade" potentially reaching $50-100 billion as crypto credit spreads widen against falling risk-free rates. Tokens mechanically levered to this trend include AAVE, PENDLE, SPK, and SYRUP, with ENA also highlighted.