These tokens are tracked separately from the stablecoin total because they are designed to appreciate rather than hold a $1 peg.
A stablecoin is a par-redeemable claim designed to maintain a value of about $1. The tokens below are designed either to appreciate as yield accrues or to track an asset other than a currency. Under the BIS/IMF definition, they are tokenized investment instruments rather than stablecoins. Their size is tracked here as an adjacent segment.
Why are they not included in the stablecoin total? Many of these instruments are wrappers. For example, sUSDe is staked USDe and sUSDS is staked USDS, so their value represents a subset of an underlying stablecoin that is already included in the headline figure. Adding them would double-count the same underlying value. Others, including USDY and tokenized Treasuries, are standalone money-market-like instruments whose value falls outside the stablecoin universe.
| # | Name | Yield (APY) | Market cap | 30-day trend | 30-day change | Vol / mcap |
|---|---|---|---|---|---|---|
| 1 | sUSDS | 3.80% | $4.58B | +2.26% | 0.0% | |
| 2 | USDYOndo US Dollar Yield | 3.75% | $2.38B | +4.14% | 0.2% | |
| 3 | USDfFalcon USD | — | $1.88B | +37.17% | 0.0% | |
| 4 | BFUSD | — | $1.32B | -0.03% | 0.7% | |
| 5 | sUSDeEthena Staked USDe | 5.06% | $1.19B | -7.78% | 0.7% | |
| 6 | syrupUSDC | 5.11% | $937M | -7.29% | 0.1% | |
| 7 | YLDS | — | $487M | -2.75% | 2.6% | |
| 8 | USDtb | — | $474M | -3.67% | 0.1% | |
| 9 | REUSDRe Protocol reUSD | 12.06%* | $365M | +23.91% | 1.6% | |
| 10 | syrupUSDG | 2.51%* | $340M | +87.89% | 0.0% | |
| 11 | syrupUSDT | — | $319M | +26.00% | 0.1% | |
| 12 | USDai | — | $269M | +12.76% | 1.2% | |
| 13 | SUSDCSpark USDC | — | $206M | 0.00% | — | |
| 14 | SUSDDSavings USDD | 12.56%* | $204M | -3.59% | 0.0% | |
| 15 | SDAISavings Dai | — | $163M | -0.76% | 0.0% | |
| 16 | apyUSD | 9.30%* | $157M | -8.40% | 0.2% | |
| 17 | ONYCOnRe Tokenized Reinsurance | 11.51%* | $123M | +16.29% | 3.1% | |
| 18 | GTUSDCPGauntlet USDC PRIME V2 | 3.70%* | $112M | +9.40% | — | |
| 19 | STEAKUSDCSteakhouse USDC V2 | 3.71%* | $106M | -11.33% | — | |
| 20 | SAVUSDAvant Staked USD | — | $102M | 0.00% | — |
| # | Name | Market cap |
|---|---|---|
| 21 | fxUSDf(x) Protocol fxUSD | $85M |
| 22 | STEAKUSDTSteakhouse USDT V2 | $80M |
| 23 | FXSAVEf(x) USD Saving | $80M |
| 24 | SUSD1+staked USD1+ | $80M |
| 25 | mTBILLMidas mTBILL | $75M |
| 26 | IUSDInfiniFi USD | $70M |
| 27 | USDXAxis USD | $69M |
| 28 | SYZUSDStaked Yuzu USD | $67M |
| 29 | STRUSDTori Staked trUSD | $65M |
| 30 | EARNUSDLido EarnUSD | $59M |
| 31 | YZUSDYuzu USD | $55M |
| 32 | SUSDXStaked Axis USD | $54M |
| 33 | USDu | $53M |
| 34 | SFRXUSDFrax Staked frxUSD | $39M |
| 35 | SDAISavings xDAI | $39M |
| 36 | SUSNStaked USN | $36M |
| 37 | STEAKCUSDCSteakhouse Confidential Prime USDC | $32M |
| 38 | sDOLA | $19M |
| 39 | KPK_USDC_YIELDV2kpk USDC Yield V2 Morpho Vault (Ethereum) | $18M |
| 40 | SCRVUSDSavings crvUSD | $16M |
| 41 | SAIDGAIB sAID | $12M |
| 42 | ETH:GUSDTQGalaxy USDT Quality | $11M |
| 43 | YUSDYieldFi yToken | $11M |
| 44 | ETH:GUSDCQGalaxy USDC Quality (Ethereum) | $10M |
| 45 | USDB | $9M |
| 46 | MRE7YIELDMidas mRe7YIELD | $8M |
| 47 | YOUSDYield Optimizer USD | $8M |
| 48 | OUSDOrigin Dollar | $6M |
| 49 | SUSDFRStaked Forest Road USDfr | $6M |
| 50 | GTUSDTPGauntlet USDT PRIME V2 | $6M |
| 51 | WITRYWrapped iTRY | $6M |
| 52 | ASUSDFAster Staked USDF | $6M |
| 53 | MBASISMidas mBASIS | $5M |
| 54 | USPUSP Yield Optimized Stablecoin | $5M |
| 55 | SRUSDEStrata Senior USDe | $5M |
| 56 | SRUSDATStrata Senior USDat | $5M |
| 57 | XUSDStaked Stream USD | $4M |
| 58 | VYUSDYieldFi vyUSD | $3M |
| 59 | USDMMonetrix USD | $3M |
| 60 | limUSD | $3M |
| 61 | evaUSDT | $3M |
| 62 | evaUSDC | $2M |
| 63 | ISCInternational Stable Currency | $2M |
| 64 | HBUSDTHyperbeat USDT | $2M |
| 65 | aptUSD | $2M |
| 66 | BASEETH:GUSDCQGalaxy USDC Quality (Base) | $2M |
| 67 | USD3Web 3 Dollar | $2M |
| 68 | QHVNQapture Safe Haven Vault | $2M |
| 69 | GTUSDAGauntlet USD Alpha | $1M |
| 70 | ASONUSDCAave USDC (Sonic) | $1M |
| 71 | JRMM1-USDStrata Junior mM1-USD | $1M |
| 72 | JRUSDATStrata Junior USDat | $933,736 |
| 73 | SUSPPareto Staked USP | $766,732 |
| 74 | SUSDSolayer USD | $686,231 |
| 75 | SRUSDReservoir srUSD | $623,690 |
| 76 | SUSDZAnzen Staked USDz | $611,933 |
| 77 | SRMHYPERStrata Senior mHYPER | $602,622 |
| 78 | USDVDelpho USDV | $513,008 |
| 79 | SRMM1-USDStrata Senior mM1-USD | $424,326 |
| 80 | SDUSDdTRINITY Staked dUSD | $381,312 |
| 81 | STEAKPYUSDSteakhouse PYUSD V2 | $314,276 |
| 82 | JRNUSDStrata Junior NUSD | $312,150 |
| 83 | SOUSDSolid USD (soUSD) | $298,015 |
| 84 | USDZ | $293,763 |
| 85 | sjUSD | $274,142 |
| 86 | HAUSDCHarmonix USDC | $273,954 |
| 87 | LOAZNDMu Digital Locked AZND | $257,575 |
| 88 | USDAFAsymmetry USDaf | $218,220 |
| 89 | KTBEtherfuse KTB | $158,014 |
| 90 | JRMHYPERStrata Junior mHYPER | $122,678 |
| 91 | SRNUSDStrata Senior NUSD | $62,957 |
| 92 | SLVLUSDStaked Level USD | $51,990 |
| 93 | JVHHUSDCjvhhVault | $45,097 |
| 94 | NELIXIRNest Elixir Vault | $32,284 |
| 95 | USNDUS Nerite Dollar | $27,548 |
| 96 | MUSDCMonstro USDC Vault | $4,358 |
| 97 | SVJUSDSavings Vault JUSD (Citrea) | $3,412 |
| 98 | KPK_USDC_YIELDV2kpk USDC Yield V2 Morpho Vault (Arbitrum) | $2,989 |
| 99 | YTRYBYield TRYB | $1,247 |
| 100 | RTUSQCICADA rtUSQ | $730 |
| 101 | KPK_RWA_USDCkpk USDC RWA Euler Vault (Ethereum) | $162 |
| 102 | YHLPYieldFi yHLP | $21 |
| 103 | YVALOSYieldFi Valos | $10 |
| Name | Market cap | 30-day change | Reference |
|---|---|---|---|
| AUSDTAlloy Tether | $50M | 0.00% | XAU |
| STTSilverTimes Token | $2M | -14.25% | XAU |