Segment
Yield-Bearing & Tokenized-Dollar Instruments
These tokens are tracked separately from the $302.8B stablecoin total. A stablecoin is a par-redeemable claim that holds ~$1; the tokens below are designed to appreciate (they accrue yield) or track an asset other than a currency, so under the BIS/IMF definition they are tokenized investment instruments, not stablecoins. We track their size here as an adjacent segment. Updated daily, 1 July 2026.
$16.2BYield-bearing / tokenized-dollar · 83 tokens
$50MTokenized commodity · 1 tokens
Why not added to the stablecoin total? Many of these are wrappers —
sUSDe is staked USDe, sUSDS is staked USDS — so their dollars are a subset of an
underlying stablecoin already counted in the headline figure. Adding them would double-count.
Others (USDY and tokenized treasuries) are standalone money-market-like instruments whose
dollars sit outside the stablecoin universe entirely.
Yield-bearing & tokenized-dollar
| # | Name | Yield (APY) | Market Cap | 30D Trend | Mcap Change | Vol / Mcap | Type |
|---|---|---|---|---|---|---|---|
| 1 | SUSDS sUSDS | 3.60% | $5.50B | -0.01% -6.69% -10.81% -16.14% +35.26% | 0.0% | Yield | |
| 2 | USDY Ondo US Dollar Yield | 3.55% | $2.15B | -0.16% +0.42% +0.60% +63.81% +213.63% | 0.1% | Yield | |
| 3 | SUSDE Ethena Staked USDe | 3.82% | $1.68B | +0.02% -2.39% -5.83% -52.53% -51.54% | 0.7% | Yield | |
| 4 | USDF Falcon USD | 3.39%* | $1.42B | +0.09% -2.74% -14.67% -18.67% -34.21% | 0.1% | Yield | |
| 5 | BFUSD BFUSD | 26.74%* | $1.32B | +0.04% +0.02% -0.00% -0.09% +0.02% | 0.1% | Yield | |
| 6 | SYRUPUSDC syrupUSDC | 5.20% | $1.30B | +0.04% +0.94% -5.87% -25.00% -1.12% | 1.0% | Yield | |
| 7 | SYRUPUSDT syrupUSDT | — | $494M | +0.21% +4.11% +18.20% -49.49% -28.72% | 0.1% | Yield | |
| 8 | SUSDD Savings USDD | — | $249M | -0.60% +5.37% +4.52% -40.18% — | 0.0% | Yield | |
| 9 | ONYC OnRe Tokenized Reinsurance | 11.95%* | $206M | -0.04% +2.33% +7.48% +40.20% +184.01% | 1.3% | Yield | |
| 10 | USDAI USDai | — | $194M | +0.04% +1.07% -32.96% -36.89% -70.38% | 0.3% | Yield | |
| 11 | SDAI Savings Dai | 106.54%* | $174M | +0.01% -1.01% -1.63% -11.14% -11.73% | 0.2% | Yield | |
| 12 | SUSD1+ staked USD1+ | 20.30%* | $159M | +0.20% -1.25% -10.25% +99.83% +94.85% | 0.1% | Yield | |
| 13 | REUSD Re Protocol reUSD | — | $153M | +0.05% -15.84% — — — | 5.0% | Yield | |
| 14 | APYUSD apyUSD | — | $147M | +4.73% -4.91% -39.55% +266.70% — | 3.4% | Yield | |
| 15 | USDF Aster USDF | 3.39%* | $112M | +0.06% -1.51% — — — | 0.1% | Yield | |
| 16 | SAVUSD Avant Staked USD | 38.28%* | $92M | -0.15% +2.26% +14.39% +2.56% +6.07% | 0.0% | Yield | |
| 17 | GTUSDCP Gauntlet USDC PRIME V2 | 2.49%* | $84M | +0.02% +3.11% -11.00% +1097.69% +82869.61% | — | Yield | |
| 18 | SDAI Savings xDAI | 106.54%* | $66M | +0.08% -5.78% -6.88% -24.91% -30.19% | 7.9% | Yield | |
| 19 | IUSD InfiniFi USD | — | $65M | -0.01% -10.44% -31.19% -43.45% -63.50% | 0.0% | Yield | |
| 20 | USDU USDu | — | $56M | +0.07% -3.76% -13.13% -42.48% +110.25% | 0.9% | Yield | |
| 21 | STEAKUSDC Steakhouse USDC V2 | 3.77%* | $56M | +0.02% -20.46% -23.86% +578.87% +864.07% | — | Yield | |
| 22 | MTBILL Midas mTBILL | 3.61%* | $53M | +0.03% -1.46% +11.61% +10.62% +37.34% | 0.0% | Yield | |
| 23 | FXSAVE f(x) USD Saving | 12.06%* | $51M | +0.06% -8.65% -7.27% +68.73% -5.21% | 0.0% | Yield | |
| 24 | SYZUSD Staked Yuzu USD | 4.97%* | $51M | +0.02% +1.04% +1.49% -8.11% +222.47% | 0.0% | Yield | |
| 25 | YZUSD Yuzu USD | — | $45M | +0.07% +2.43% +9.95% -31.25% +14.06% | 0.0% | Yield | |
| 26 | SRUSDE Strata Senior USDe | — | $45M | 0.00% -24.55% -28.31% -72.27% -75.63% | 0.0% | Yield | |
| 27 | STEAKUSDT Steakhouse USDT V2 | 5.09%* | $43M | +0.07% -32.99% +80.38% +276.57% +328.63% | — | Yield | |
| 28 | SFRXUSD Frax Staked frxUSD | — | $36M | +0.16% +4.57% -11.59% +13.20% +52.86% | 0.3% | Yield | |
| 29 | SUSN Staked USN | 11.11%* | $30M | +0.02% -5.00% +2.14% +38.77% +81.70% | 0.0% | Yield | |
| 30 | EARNUSD Lido EarnUSD | 6.40%* | $22M | +0.05% +12.78% +240.68% — — | 0.0% | Yield | |
| 31 | SCRVUSD Savings crvUSD | 12.06%* | $19M | -0.00% -3.15% -4.67% -41.68% -6.68% | 0.6% | Yield | |
| 32 | SAID GAIB sAID | — | $19M | -0.05% +0.02% -5.28% +23.84% — | 0.0% | Yield | |
| 33 | XUSD Staked Stream USD | 4.28%* | $14M | +41.40% +15.90% -16.13% +3667.25% +105.32% | 0.0% | Yield | |
| 34 | USDB USDB | 11.52%* | $13M | +0.29% -2.97% -16.12% -48.22% -96.91% | 0.3% | Yield | |
| 35 | YOUSD Yield Optimizer USD | 3.65%* | $11M | +0.00% -3.58% -24.13% -60.85% -62.52% | 0.0% | Yield | |
| 36 | YUSD YieldFi yToken | — | $11M | 0.00% 0.00% 0.00% +0.34% -28.22% | 0.0% | Yield | |
| 37 | MRE7YIELD Midas mRe7YIELD | — | $10M | 0.00% -0.88% -20.73% -30.89% -39.55% | 1.3% | Yield | |
| 38 | USP USP Yield Optimized Stablecoin | 270.76%* | $9M | -0.12% -12.59% -49.49% -42.17% — | 0.2% | Yield | |
| 39 | GTUSDTP Gauntlet USDT PRIME V2 | 3.80%* | $8M | +0.07% -35.36% -55.39% +8027.82% +411607818.67% | — | Yield | |
| 40 | WITRY Wrapped iTRY | 16.79%* | $7M | +0.10% -8.43% -7.78% — — | 0.0% | Yield | |
| 41 | KPK_USDC_YIELDV2 kpk USDC Yield V2 Morpho Vault (Ethereum) | — | $6M | +0.03% -7.82% +78.86% +34.40% — | — | Yield | |
| 42 | HBUSDT Hyperbeat USDT | 11.95%* | $5M | +0.24% +3.40% -11.72% -40.39% -78.98% | 0.0% | Yield | |
| 43 | SDOLA sDOLA | 9.51%* | $4M | +0.00% -1.43% +3.45% +89.79% -85.32% | 1.6% | Yield | |
| 44 | MBASIS Midas mBASIS | 11.11%* | $4M | 0.00% +10.42% +10.20% -1.68% -47.78% | 0.1% | Yield | |
| 45 | ASUSDF Aster Staked USDF | — | $4M | +0.01% -0.69% -10.13% -39.31% -87.81% | 0.0% | Yield | |
| 46 | ASONUSDC Aave USDC (Sonic) | — | $3M | +0.00% +3.41% -10.96% -29.84% -79.54% | 0.0% | Yield | |
| 47 | VYUSD YieldFi vyUSD | — | $3M | 0.00% 0.00% 0.00% 0.00% -81.78% | 0.0% | Yield | |
| 48 | EVAUSDT evaUSDT | 1.30%* | $3M | +0.10% +0.25% -4.32% — — | 0.0% | Yield | |
| 49 | LIMUSD limUSD | — | $3M | +0.18% +0.13% +0.97% — — | 0.1% | Yield | |
| 50 | USDM Monetrix USD | 4.72%* | $2M | -0.34% — — — — | 38.5% | Yield | |
| 51 | EVAUSDC evaUSDC | — | $2M | 0.00% -2.32% -16.10% — — | 0.0% | Yield | |
| 52 | ISC International Stable Currency | — | $2M | +0.21% -0.33% -1.10% +0.64% +1.78% | 0.1% | Yield | |
| 53 | GTUSDA Gauntlet USD Alpha | 4.82%* | $2M | +0.02% +2.60% +5.56% -97.84% — | 0.0% | Yield | |
| 54 | SRNUSD Strata Senior NUSD | 3.72%* | $2M | +0.01% +0.04% -39.63% — — | 0.0% | Yield | |
| 55 | RTUSQ CICADA rtUSQ | — | $2M | +0.10% +0.22% -7.87% — — | 3.2% | Yield | |
| 56 | JRNUSD Strata Junior NUSD | 13.35%* | $1M | +0.02% -1.62% -56.30% — — | — | Yield | |
| 57 | JRMM1-USD Strata Junior mM1-USD | 6.43%* | $1M | +0.01% -1.40% +138.10% — — | — | Yield | |
| 58 | KPK_RWA_USDC kpk USDC RWA Euler Vault (Ethereum) | 2.53%* | $1M | +0.00% +0.05% +0.23% +1.23% — | — | Yield | |
| 59 | SRUSD Reservoir srUSD | 11.62%* | $910,332 | -0.03% -0.43% -0.72% -53.14% -81.47% | 0.0% | Yield | |
| 60 | SUSD Solayer USD | 18765.45%* | $871,308 | +0.52% -55.80% -83.95% -84.39% -84.66% | 0.0% | Yield | |
| 61 | SUSP Pareto Staked USP | — | $725,553 | +0.02% -0.74% -5.26% -71.63% -80.18% | — | Yield | |
| 62 | SUSDZ Anzen Staked USDz | 10.82%* | $623,229 | 0.00% +0.02% +6.64% -12.16% -73.75% | 0.0% | Yield | |
| 63 | SRMHYPER Strata Senior mHYPER | 7.74%* | $611,559 | +0.02% +0.58% +103.29% — — | — | Yield | |
| 64 | KPK_USDC_YIELDV2 kpk USDC Yield V2 Morpho Vault (Arbitrum) | — | $579,498 | +0.01% -6.16% -9.46% -10.13% — | — | Yield | |
| 65 | JRMHYPER Strata Junior mHYPER | 14.53%* | $442,738 | +0.02% +0.23% +216.77% — — | — | Yield | |
| 66 | SRMM1-USD Strata Senior mM1-USD | 3.82%* | $418,271 | +0.00% +0.05% +301.44% — — | — | Yield | |
| 67 | SDUSD dTRINITY Staked dUSD | 2.53%* | $417,037 | -0.07% +1.80% -3.36% -8.30% — | 0.3% | Yield | |
| 68 | STEAKPYUSD Steakhouse PYUSD V2 | 7.62%* | $408,011 | +0.01% -39.16% -10.31% +127.46% +65860.46% | — | Yield | |
| 69 | LOAZND Mu Digital Locked AZND | 1273738.70%* | $395,797 | +0.00% -1.92% +103.29% — — | 0.0% | Yield | |
| 70 | USDAF Asymmetry USDaf | 5.93%* | $326,463 | -0.29% -11.22% -52.14% -75.52% -83.86% | 8.2% | Yield | |
| 71 | USDZ USDZ | 161507371730339367593720152064.00%* | $288,435 | +0.15% +0.10% -0.02% -0.02% +7.34% | 0.0% | Yield | |
| 72 | HAUSDC Harmonix USDC | 1618.79%* | $275,666 | 0.00% 0.00% +24.83% — — | 0.0% | Yield | |
| 73 | SJUSD sjUSD | 5.01%* | $271,495 | 0.00% +0.26% +0.32% — — | 1.8% | Yield | |
| 74 | SOUSD Solid USD (soUSD) | 3.67%* | $170,675 | +0.01% -33.26% -33.22% -42.62% -44.70% | 0.0% | Yield | |
| 75 | SLVLUSD Staked Level USD | — | $51,758 | 0.00% -0.39% -20.08% -72.39% -92.77% | 0.0% | Yield | |
| 76 | USND US Nerite Dollar | 51.88%* | $50,574 | +1.32% -6.63% -44.18% -96.07% -96.84% | 0.2% | Yield | |
| 77 | NELIXIR Nest Elixir Vault | — | $34,849 | 0.00% -0.01% -13.90% -34.44% -59.03% | 0.0% | Yield | |
| 78 | MUSDC Monstro USDC Vault | 6.37%* | $15,632 | -0.00% -11.53% -53.21% — — | 0.1% | Yield | |
| 79 | SVJUSD Savings Vault JUSD (Citrea) | — | $3,180 | +0.62% -5.52% -22.55% — — | 0.2% | Yield | |
| 80 | YTRYB Yield TRYB | — | $1,248 | 0.00% -0.02% -0.01% -98.65% -98.58% | 0.2% | Yield | |
| 81 | KTB Etherfuse KTB | — | $67 | 0.00% 0.00% -0.40% 0.00% — | — | Yield | |
| 82 | YHLP YieldFi yHLP | — | $21 | 0.00% 0.00% -99.90% -99.90% — | — | Yield | |
| 83 | YVALOS YieldFi Valos | — | $10 | 0.00% 0.00% 0.00% — — | — | Yield |
Tokenized commodity
Par to a commodity (e.g. gold), not a currency — a store of value, not money.
| # | Name | Market Cap | 7d Change % | Peg |
|---|---|---|---|---|
| 1 | AUSDT Alloy Tether | $50M | +0.19% | Gold |
Frequently asked questions
What is the total market cap of yield-bearing stablecoins?
Yield-bearing and tokenized-dollar instruments total $16.2B across 83 tokens as of 1 July 2026. They are tracked separately from the stablecoin market cap because they are designed to appreciate rather than hold a $1 peg.
What is the largest yield-bearing stablecoin?
sUSDS (SUSDS) is the largest at $5.50B as of 1 July 2026.
Are yield-bearing stablecoins counted in the total stablecoin market cap?
No. Under the BIS/IMF definition a stablecoin is a par-redeemable claim that holds ~$1. Yield-bearing tokens appreciate, so they are excluded. Many are also wrappers — sUSDe is staked USDe, sUSDS is staked USDS — whose value is a subset of an underlying stablecoin already counted, so including them would double-count.
How do yield-bearing stablecoins work?
They pass on a yield to holders, so the token's value rises over time instead of staying at $1. For example sUSDe accrues Ethena's staking and funding yield, and sUSDS accrues the Sky Savings Rate. Tokenized-treasury tokens such as USDY hold short-term US government debt.
Market, yield, and on-chain data sourced directly or via third-party providers. Yields marked with * are implied from the token's 30-day price appreciation; unmarked yields are reported by the underlying pool. Tokens whose yield is distributed via separate token issuance rather than price (e.g. par-stable RWA wrappers) may show no yield here. Excluded from the stablecoin tracker total by design — see methodology for the segment definition and source detail.