Best stablecoin yields on Ethereum
USDC, USDT, DAI, USDS, USDe and other dollar-pegged coins: every liquid pool with live APY, the base/reward split and a 30-day average. Sorted by liquidity so the biggest, most reliable markets come first.
4.50%
Median single-asset APY
36.24%
Best APY (liquid)
546
Liquid pools
$26.57B
Total liquidity
96
Protocols
| Pool | APY | 30d avg | TVL ▾ | 30d | Risk | |
|---|---|---|---|---|---|---|
| SUSDS Sky Lending | 3.60% base 3.60% | 3.55% | $4.62B | Stable Single Stable/Up | Deposit ↗ | |
| USDC Maple · Syrup USDC | 4.97% base 4.97% | 4.93% | $2.62B | Stable Single Down | Deposit ↗ | |
| SUSDE Ethena USDe · 7 days unstaking | 5.02% base 5.02% | 4.61% | $1.31B | Stable Single Stable/Up | Deposit ↗ | |
| USDY Ondo Yield Assets · US Dollar Yield | 3.58% base 3.58% | 3.56% | $1.20B | Stable Single Down | Deposit ↗ | |
| USDT Maple · Syrup USDT | 4.62% base 4.62% | 4.54% | $859.3M | Stable Single Down | Deposit ↗ | |
| USDS Centrifuge Protocol · Janus Henderson Treasury Fund | 2.37% base 2.37% | 3.37% | $674.8M | Stable Single Stable/Up | Deposit ↗ | |
| BUIDL BlackRock BUIDL · Institutional | 3.57% base 3.57% | 3.59% | $599.4M | Stable Single Down | Deposit ↗ | |
| USDS SparkLend · SPK Farming Pool | 3.62% + reward 3.62% | 3.79% | $577.4M | Stable Single Reward-heavy Stable/Up | Deposit ↗ | |
| USDE Aave V3 | 4.75% base 0.66% + reward 4.09% | 3.28% | $577.3M | Stable Single Reward-heavy Down | Deposit ↗ | |
| USTB Invesco USTB | 3.78% base 3.78% | 3.49% | $520.9M | Stable Single Stable/Up | Deposit ↗ | |
| BUSD0 Usual USD0 | 3.78% + reward 3.78% | 3.39% | $507.5M | Stable Single Reward-heavy Stable/Up | Deposit ↗ | |
| SENPYUSDMAIN Morpho Blue | 5.27% base 2.31% + reward 2.96% | 5.75% | $411.9M | — | Stable Single Reward-heavy Down | Deposit ↗ |
| USAT Centrifuge Protocol · Janus Henderson AAA CLO Fund | 4.85% base 4.85% | 4.95% | $403.8M | Stable Single Down | Deposit ↗ | |
| SENRLUSDV2 Morpho Blue | 5.71% base 2.43% + reward 3.28% | 6.25% | $394.9M | — | Stable Single Reward-heavy Down | Deposit ↗ |
| USDT Spark Savings | 3.50% base 3.50% | 3.23% | $391.9M | Stable Single Stable/Up | Deposit ↗ | |
| USDT Aave V3 | 3.23% base 3.23% | 3.37% | $391.0M | Stable Single Down | Deposit ↗ | |
| USDS SparkLend | 2.32% base 2.32% | 2.17% | $390.7M | Stable Single Stable/Up | Deposit ↗ | |
| USDG Maple · syrupUSDG | 5.08% base 5.08% | 4.99% | $365.5M | Stable Single Down | Deposit ↗ | |
| USDC Spark Savings | 3.60% base 3.60% | 3.55% | $316.6M | Stable Single Stable/Up | Deposit ↗ | |
| REUSD Re | 6.64% base 6.64% | 6.48% | $254.9M | Stable Single Down | Deposit ↗ | |
| SUSDE Aave V3 | 0.00% base 0.00% | 1.31% | $213.5M | Stable Single | Deposit ↗ | |
| BUIDL BlackRock BUIDL | 3.23% base 3.23% | 3.24% | $212.1M | Stable Single Stable/Up | Deposit ↗ | |
| SDAI Sky Lending | 1.25% base 1.25% | 1.25% | $202.6M | Stable Single Stable/Up | Deposit ↗ | |
| STUSDS Sky Lending · Expert Mode | 5.11% base 5.11% | 5.46% | $196.3M | Stable Single Stable/Up | Deposit ↗ | |
| USDC Aave V3 | 3.56% base 3.56% | 3.89% | $191.3M | Stable Single Down | Deposit ↗ | |
| SENPYUSDPRIMEV2 Morpho Blue | 5.97% base 3.43% + reward 2.54% | 6.15% | $190.5M | — | Stable Single Down | Deposit ↗ |
| APXUSD Apyx Protocol · apyUSD vault | 12.42% base 12.42% | 12.41% | $173.3M | Stable Single Stable/Up | Deposit ↗ | |
| SGHO Aave V3 | 4.50% base 4.50% | 4.36% | $172.4M | Stable Single Stable/Up | Deposit ↗ | |
| USDS Sky Lending · GROVE Farming Pool | 5.69% + reward 5.69% | 5.67% | $168.3M | Stable Single Reward-heavy Stable/Up | Deposit ↗ | |
| DAI-USDC-USDT Curve DEX | 0.00% base 0.00% | 0.00% | $160.4M | Stable LP Stable/Up | Deposit ↗ | |
| USDC Fluid Lending | 4.64% base 4.64% | 4.80% | $155.1M | Stable Single Stable/Up | Deposit ↗ | |
| USDC Pareto Credit · FalconX | 7.82% base 7.82% | 7.92% | $148.8M | Stable Single Stable/Up | Deposit ↗ | |
| STEAKEURCV Morpho Blue | 3.00% base 3.00% | 3.00% | $142.1M | — | Stable Single Stable/Up | Deposit ↗ |
| PYUSD SparkLend | 0.86% base 0.86% | 0.49% | $133.6M | Stable Single Stable/Up | Deposit ↗ | |
| USDT Fluid Lending | 4.32% base 4.32% | 4.84% | $131.2M | Stable Single Stable/Up | Deposit ↗ | |
| SYRUPUSDT Aave V3 | 0.00% base 0.00% | 0.00% | $114.0M | Stable Single | Deposit ↗ | |
| SUSDE Morpho Blue | 0.00% base 0.00% | 0.00% | $106.8M | Stable Single | Deposit ↗ | |
| STEAKUSDC Morpho Blue | 4.29% base 4.29% | 4.21% | $104.5M | Stable Single Down | Deposit ↗ | |
| PYUSD-USDS Uniswap V4 · 0.00% | 0.13% base 0.13% | 0.09% | $100.1M | Stable LP Down | Deposit ↗ | |
| DAI SparkLend | 2.46% base 2.46% | 2.30% | $100.0M | Stable Single Stable/Up | Deposit ↗ | |
| USD1 Dolomite | 8.53% base 2.23% + reward 6.30% | 8.56% | $97.8M | Stable Single Reward-heavy Down | Deposit ↗ | |
| GTUSDCP Morpho Blue | 4.30% base 4.30% | 4.21% | $89.6M | Stable Single Down | Deposit ↗ | |
| STEAKUSDT Morpho Blue | 2.89% base 2.89% | 2.92% | $87.6M | — | Stable Single Stable/Up | Deposit ↗ |
| FXUSDSTABILITYPOOLV2.0 fx Protocol | 10.98% | 7.66% | $82.6M | — | Stable Single Down | Deposit ↗ |
| STCUSD cap | 5.18% | 5.70% | $80.5M | Stable Single Down | Deposit ↗ | |
| USCC Bitwise USCC | 7.34% base 7.34% | 5.81% | $79.6M | Stable Single Down | Deposit ↗ | |
| MSUSD Mainstreet | 6.59% base 6.59% | 6.59% | $75.2M | Stable Single Stable/Up | Deposit ↗ | |
| USDC Sentora Curator · Sentora USD | 6.63% base 6.63% | 6.59% | $75.1M | Stable Single Down | Deposit ↗ | |
| WSRUSD Reservoir Protocol | 6.00% | 5.25% | $72.8M | Stable Single Down | Deposit ↗ | |
| USDC Midas RWA · mTBILL | 3.96% base 3.96% | 3.33% | $72.6M | Stable Single Stable/Up | Deposit ↗ |
By stablecoin
- USDC USD Coinbest 31.93% · 127 pools · $4.85B
- SUSDS Sky Savings USDSbest 5.09% · 12 pools · $4.73B
- USDT Tetherbest 9.00% · 44 pools · $2.34B
- USDS Sky USDSbest 5.67% · 11 pools · $1.96B
- SUSDE Ethena Staked USDebest 6.93% · 19 pools · $1.85B
- USDY Ondo US Dollar Yieldbest 3.56% · 1 pools · $1.20B
- BUIDL BlackRock BUIDLbest 3.57% · 2 pools · $811.5M
- USDE Ethena USDebest 5.02% · 9 pools · $654.8M
- USTBbest 3.49% · 2 pools · $559.0M
- BUSD0best 3.39% · 2 pools · $509.3M
- USDG Global Dollarbest 6.18% · 8 pools · $418.8M
- USATbest 4.85% · 2 pools · $413.8M
- SENPYUSDMAINbest 5.27% · 1 pools · $411.9M
- SENRLUSDV2best 5.71% · 1 pools · $394.9M
- REUSDbest 15.23% · 19 pools · $391.5M
- DAI Daibest 5.41% · 8 pools · $290.4M
- PYUSD PayPal USDbest 8.58% · 6 pools · $281.0M
- CRVUSD Curve USDbest 18.21% · 43 pools · $269.7M
- STUSDSbest 5.11% · 5 pools · $217.0M
- SDAI Savings Daibest 3.63% · 2 pools · $206.3M
Where stablecoin yield comes from
Three sources. Lending markets (Aave, Morpho, Spark, Compound) pay you the interest that borrowers pay, minus a protocol fee; rates rise when leverage demand rises. Savings tokens (sUSDS, sUSDe, USDY, BUIDL) pass through treasury-bill income or funding-rate income. Liquidity pools (Curve, Uniswap) pay trading fees, sometimes topped up with reward tokens. The base/reward split under each APY tells you which part is durable.
Compare the base rate with the median above: a stablecoin pool paying three times the median is either tiny, new, or paying in a token you may not want. Custodial alternatives are on the CeFi rates page.
Questions people ask
What is the best stablecoin yield on Ethereum right now?
The highest APY among stablecoin pools with at least $1M of liquidity is 36.24%. The median stablecoin single-asset rate is 4.50%. Rates refresh every hour.
Which stablecoins pay the most?
Rates differ by coin and venue. USDC up to 31.93%, SUSDS up to 5.09%, USDT up to 9.00%, USDS up to 5.67%, SUSDE up to 6.93%, USDY up to 3.56%. Open a coin page for every pool.
Why do stablecoin APYs differ so much between protocols?
Lending markets pay what borrowers pay, minus a protocol cut. Liquidity pools earn trading fees. Some pools add token rewards on top (shown as “reward” in the APY split), and those emissions can stop at any time. Higher APY usually means a smaller market, a newer protocol or extra risk.
Are stablecoin yields safe?
No yield is risk-free. Stablecoins can lose their peg, smart contracts can be exploited, and lending markets can run out of liquidity. Prefer large TVL, audited protocols and rates that are close to the median. See our methodology.