Best stablecoin yields on Hyperliquid
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.
| Pool | APY | 30d avg | TVL ▾ | 30d | Risk | |
|---|---|---|---|---|---|---|
| USDC HyperLend Pooled | 5.00% base 5.00% | 5.61% | $20.7M | Stable Single Stable/Up | Deposit ↗ | |
| USDC Harmonix Finance | 7.05% base 7.05% | 6.79% | $20.3M | Stable Single Stable/Up | Deposit ↗ | |
| K3USDC Morpho Blue | 6.42% base 6.42% | 5.51% | $13.9M | — | Stable Single Down | Deposit ↗ |
| FEUSDCV2 Morpho Blue | 6.08% base 6.08% | 5.54% | $10.0M | — | Stable Single Down | Deposit ↗ |
| LIMUSD Liminal Basis · Diversified Hyperliquid yield | 7.24% base 7.24% | 5.44% | $9.4M | Stable Single Stable/Up | Deposit ↗ | |
| FEUSDC Morpho Blue | 5.72% base 5.72% | 5.83% | $8.1M | — | Stable Single Down | Deposit ↗ |
| FEUSD Felix CDP · WHYPE Stability Pool | 5.72% | 6.75% | $5.5M | — | Stable Single Stable/Up | Deposit ↗ |
| FEUSDT0 Morpho Blue | 5.55% base 5.55% | 6.73% | $4.9M | — | Stable Single Stable/Up | Deposit ↗ |
| FEUSDT0V2 Morpho Blue | 5.53% base 5.53% | 6.22% | $2.7M | — | Stable Single Down | Deposit ↗ |
| GTUSDCC Morpho Blue | 5.75% base 5.75% | 5.97% | $2.5M | — | Stable Single Down | Deposit ↗ |
| SUSDM Monetrix USDM | 1.95% base 1.95% | 12.71% | $2.1M | — | Stable Single Stable/Up | Deposit ↗ |
| FEUSD Felix CDP · feUBTC Stability Pool | 2.27% | 2.34% | $2.0M | — | Stable Single Stable/Up | Deposit ↗ |
| LIMUSD Pendle V2 · For buying PT-limUSD-26NOV2026 | 10.97% base 10.97% | 10.84% | $1.5M | — | Stable Single Down | Deposit ↗ |
| LIMUSD Pendle V2 · For LP | Maturity 26NOV2026 | 9.77% base 9.77% | 10.38% | $1.5M | — | Stable Single Down | Deposit ↗ |
| FEUSD Felix CDP · kHYPE Stability Pool | 4.03% | 5.84% | $1.1M | — | Stable Single Stable/Up | Deposit ↗ |
By stablecoin
- USDC USD Coinbest 6.79% · 2 pools · $40.9M
- K3USDCbest 5.51% · 1 pools · $13.9M
- LIMUSDbest 10.84% · 3 pools · $12.3M
- FEUSDCV2best 5.54% · 1 pools · $10.0M
- FEUSDbest 5.72% · 3 pools · $8.6M
- FEUSDCbest 5.72% · 1 pools · $8.1M
- FEUSDT0best 5.55% · 1 pools · $4.9M
- FEUSDT0V2best 5.53% · 1 pools · $2.7M
- GTUSDCCbest 5.75% · 1 pools · $2.5M
- SUSDMbest 1.95% · 1 pools · $2.1M
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.