Stable yields

The best stablecoin yields without volatility

Stablecoins are the most predictable way to earn on crypto. The price doesn't move, there's no IL risk. We compare CeFi exchanges and DeFi protocols on top USDC, USDT and DAI yields.

Best on an exchange

8.5 %

USDT · Ledn

Best in DeFi

20.9 %

APYUSD · Pendle · Ethereum

USDC

Top USDC yields

On exchanges (CeFi)

Exchange

7.0 % Ledn High risk 6.0 % MEXC Earn Medium risk 5.5 % Bitget Earn Low risk 5.5 % Nexo Medium risk 4.17 % Bybit Earn Medium risk

In DeFi protocols

Protocol

16.3 % Pharaoh V3 USDT-USDC · Avalanche $11M 12.5 % Ember Protocol USDC · Ethereum $38M 11.7 % Dolomite USDC · Ethereum $13M 11.2 % Avantis USDC · Base $44M 10.2 % Harmonix Finance USDC · Hyperliquid L1 $14M

USDT

Top USDT yields

On exchanges (CeFi)

Exchange

8.5 % Ledn High risk 8.0 % MEXC Earn Medium risk 8.0 % Nexo Medium risk 7.0 % Bitget Earn Low risk 4.5 % Binance Earn Medium risk

In DeFi protocols

Protocol

17.5 % Altura USDT0 · Hyperliquid L1 $25M 16.3 % Pharaoh V3 USDT-USDC · Avalanche $11M 13.9 % Mystic Finance Lending COREUSDT0 · Flare $21M 10.5 % Bitway Earn USDT · BSC $21M 9.0 % Zerobase Cedefi USDT · Ethereum $14M

DAI

Top DAI yields

In DeFi protocols

Protocol

9.25 % Pendle SUSDAI · Arbitrum $13M 7.74 % Pendle SUSDAI · Arbitrum $13M 7.07 % Usd Ai SUSDAI · Arbitrum $300M 6.33 % Pendle USDAI · Arbitrum $36M 4.28 % Sdai SDAI · Gnosis $70M

CeFi vs DeFi for stablecoins?

CeFi — the exchange holds your funds, simple UX, KYC required. DeFi — funds in a smart contract, you hold the keys, you need a Web3 wallet. DeFi rates are usually higher, but you take on smart-contract risk.

Which stablecoin is the safest?

USDC (Circle, US-regulated) and USDT (Tether, dominant by volume). DAI (MakerDAO) is decentralized. RLUSD (Ripple), USDtb (BlackRock via Ethena) are newer, with institutional backing.

What's a depeg?

A stablecoin can temporarily lose its dollar peg — especially newer or algorithmic ones. USDT fell to $0.95 in 2022, USDC to $0.87 during the SVB collapse. Major issuers are lower-risk but not zero.