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Home Crypto Staking Yields Stablecoin Staking Yields

Compare The Best Stablecoin Staking Yields
June 2024

EARN UP TO 20.9% APY ON YOUR STABLECOINS. Many platforms offer excellent yields on stablecoins. Staking a proportion of your crypto portfolio to stablecoins and investing the coins in yield bearing savings accounts can be an excellent way of building your crypto wealth.
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  Product Platform Yield Chain Term Yield Yield Trend TVL TVL Trend
DAI
5%
5% APY
Ethereum
Instant Access
5%
5% APY
$1,543,607,437
FRAX-USDC
2.53%*
CRV 2.51% APY
CVX
USDC 0.02% APY
FRAX
Ethereum
Instant Access
2.53%*
CRV 2.51% APY
CVX
USDC 0.02% APY
FRAX
$285,130,610
USDD
5.26%
USDD 0.13% APY
Tron
Instant Access
5.26%
USDD 0.13% APY
$213,087,637
USDT
0.43%
USDT 0.43% APY
Tron
Instant Access
0.43%
USDT 0.43% APY
$131,257,128
FRAX-USDP
1.33%*
CRV 1.32% APY
CVX
USDP < 0.01% APY
FRAX
Ethereum
Instant Access
1.33%*
CRV 1.32% APY
CVX
USDP < 0.01% APY
FRAX
$128,976,948
TUSD
< 0.01%
TUSD < 0.01% APY
Tron
Instant Access
< 0.01%
TUSD < 0.01% APY
$122,454,434
FPI-FRAX
< 0.01%
FRAX < 0.01% APY
FPI
Ethereum
Instant Access
< 0.01%
FRAX < 0.01% APY
FPI
$92,285,817
USDC (GFI payout)
8%*
USDC 7.6% APY
GFI 0.4% APY
Ethereum
Instant Access
8%*
USDC 7.6% APY
GFI 0.4% APY
$77,568,537
DAI
3.67%*
DAI 2.88% APY
COMP 0.79% APY
Ethereum
Instant Access
3.67%*
DAI 2.88% APY
COMP 0.79% APY
$71,066,005
USDR
16.1%*
TNGBL 10% APY
USDR 6.14% APY
Polygon
Instant Access
16.1%*
TNGBL 10% APY
USDR 6.14% APY
$66,691,005
USDC (TONIC payout)
1.71%*
TONIC 0.91% APY
USDC 0.8% APY
Cronos
Instant Access
1.71%*
TONIC 0.91% APY
USDC 0.8% APY
$61,194,123
USDT
3.69%
USDT 3.69% APY
Ethereum
Instant Access
3.69%
USDT 3.69% APY
$57,956,074
ALUSD-FRAXBP
4.72%*
CRV 4.71% APY
CVX
ALUSD < 0.01% APY
CRVFRAX
Ethereum
Instant Access
4.72%*
CRV 4.71% APY
CVX
ALUSD < 0.01% APY
CRVFRAX
$45,605,184
USDT (TONIC payout)
1.76%*
USDT 1.56% APY
TONIC 0.19% APY
Cronos
Instant Access
1.76%*
USDT 1.56% APY
TONIC 0.19% APY
$45,319,795
USDT-USDC
3.11%*
VVS 3.07% APY
USDT 0.04% APY
USDC
Cronos
Instant Access
3.11%*
VVS 3.07% APY
USDT 0.04% APY
USDC
$44,020,067
USDT-WBTC-WETH
7.16%*
CRV 6.87% APY
CVX
USDT 0.28% APY
WETH
WBTC
Ethereum
Instant Access
7.16%*
CRV 6.87% APY
CVX
USDT 0.28% APY
WETH
WBTC
$41,136,569
USDC (STG payout)
3.68%
STG 3.68% APY
Ethereum
Instant Access
3.68%
STG 3.68% APY
$40,845,451
USDT (STG payout)
3.56%
STG 3.56% APY
Ethereum
Instant Access
3.56%
STG 3.56% APY
$40,226,969
USDT-CRVUSD
5.21%*
CRV 5.03% APY
CVX
USDT 0.17% APY
CRVUSD
Ethereum
Instant Access
5.21%*
CRV 5.03% APY
CVX
USDT 0.17% APY
CRVUSD
$37,575,630
FRAX-FPI
1.45%
CRV 1.45% APY
CVX
Ethereum
Instant Access
1.45%
CRV 1.45% APY
CVX
$37,502,426
USDC
12%
USDC 12% APY
Solana
Instant Access
12%
USDC 12% APY
$36,167,440
USDC (STG payout)
2.79%
STG 2.79% APY
Avalanche C-Chain
Instant Access
2.79%
STG 2.79% APY
$34,725,973
FXS-FRAX
2.37%
FRAX 2.37% APY
FXS
Ethereum
Instant Access
2.37%
FRAX 2.37% APY
FXS
$34,275,553
USDC-CRVUSD
5.12%*
CRV 4.95% APY
CVX
USDC 0.16% APY
CRVUSD
Ethereum
Instant Access
5.12%*
CRV 4.95% APY
CVX
USDC 0.16% APY
CRVUSD
$34,007,070
USDT (STG payout)
3.86%
STG 3.86% APY
Binance Smart Chain
Instant Access
3.86%
STG 3.86% APY
$33,447,403
USDC-WBTC-WETH
7.26%*
CRV 6.99% APY
CVX
WETH 0.26% APY
USDC
WBTC
Ethereum
Instant Access
7.26%*
CRV 6.99% APY
CVX
WETH 0.26% APY
USDC
WBTC
$32,589,544
DAI
3.31%
3.31% APY
Ethereum
Instant Access
3.31%
3.31% APY
$31,727,751
MIM-3CRV
4.83%*
CRV 4.55% APY
CVX
3CRV 0.28% APY
MIM
Ethereum
Instant Access
4.83%*
CRV 4.55% APY
CVX
3CRV 0.28% APY
MIM
$29,917,491
USDC
3.54%*
USDC 3.09% APY
COMP 0.45% APY
Ethereum
Instant Access
3.54%*
USDC 3.09% APY
COMP 0.45% APY
$28,797,512
FNK-USDT
0.19%
USDT 0.19% APY
FNK
Ethereum
Instant Access
0.19%
USDT 0.19% APY
FNK
$27,957,127
USDC
3.27%
USDC 3.27% APY
Ethereum
Instant Access
3.27%
USDC 3.27% APY
$26,080,302
USDJ
0.18%
USDJ 0.18% APY
Tron
Instant Access
0.18%
USDJ 0.18% APY
$25,168,419
USDC
1.76%
1.76% APY
Ethereum
Instant Access
1.76%
1.76% APY
$23,453,986
USDT (STG payout)
4.71%
STG 4.71% APY
Polygon
Instant Access
4.71%
STG 4.71% APY
$22,765,457
DAI
6.11%
DAI 6.11% APY
Arbitrum
Instant Access
6.11%
DAI 6.11% APY
$22,480,024
USDC-USDT (FER payout)
4.45%*
FER 4.45% APY
USDT < 0.01% APY
USDC
Cronos
Instant Access
4.45%*
FER 4.45% APY
USDT < 0.01% APY
USDC
$22,445,821
DAI-USDC
0.01%
USDC 0.01% APY
DAI
Ethereum
Instant Access
0.01%
USDC 0.01% APY
DAI
$21,686,713
USDC
7.27%*
ACX 5.11% APY
USDC 2.15% APY
Ethereum
Instant Access
7.27%*
ACX 5.11% APY
USDC 2.15% APY
$19,065,700
R-DAI
20.9%*
BAL 20.7% APY
LDO
AURA
DAI 0.2% APY
R
Ethereum
Instant Access
20.9%*
BAL 20.7% APY
LDO
AURA
DAI 0.2% APY
R
$18,768,030
DAI-FRAX
0.01%
DAI 0.01% APY
FRAX
Ethereum
Instant Access
0.01%
DAI 0.01% APY
FRAX
$18,374,433
USDT (STG payout)
4.24%
STG 4.24% APY
Avalanche C-Chain
Instant Access
4.24%
STG 4.24% APY
$18,024,740
WETH-USDT
2%*
USDT 1.39% APY
WETH
SUSHI 0.61% APY
Ethereum
Instant Access
2%*
USDT 1.39% APY
WETH
SUSHI 0.61% APY
$17,405,653
DAI
7.55%*
DAI 4.78% APY
UWU 2.76% APY
Ethereum
Instant Access
7.55%*
DAI 4.78% APY
UWU 2.76% APY
$16,068,345
OUSD
5.39%
5.39% APY
Ethereum
Instant Access
5.39%
5.39% APY
$15,954,094
DOLA-FRAXBP
11.8%*
CRV 11.6% APY
CVX
DOLA 0.18% APY
CRVFRAX
Ethereum
Instant Access
11.8%*
CRV 11.6% APY
CVX
DOLA 0.18% APY
CRVFRAX
$14,930,726
USDC-EURS
1.24%*
CRV 0.82% APY
CVX
EURS 0.42% APY
USDC
Ethereum
Instant Access
1.24%*
CRV 0.82% APY
CVX
EURS 0.42% APY
USDC
$14,645,902
OHM-DAI
0.16%*
BAL 0.15% APY
DAI 0.01% APY
OHM
Ethereum
Instant Access
0.16%*
BAL 0.15% APY
DAI 0.01% APY
OHM
$13,883,406
USDC (XVS payout)
6.88%*
USDC 6.7% APY
XVS 0.17% APY
Binance Smart Chain
Instant Access
6.88%*
USDC 6.7% APY
XVS 0.17% APY
$13,387,059
USDC-WETH
3.64%*
SUSHI 2.33% APY
WETH 1.3% APY
USDC
Ethereum
Instant Access
3.64%*
SUSHI 2.33% APY
WETH 1.3% APY
USDC
$12,693,860
FXS-FRAX
1.39%
FRAX 1.39% APY
FXS
Ethereum
Instant Access
1.39%
FRAX 1.39% APY
FXS
$12,304,348
* Rates are tiered according to deposit size. Hover on rate for further details.
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Important Message Definda does not provide any financial advice. All information is provided for research purposes only. DeFi is a rapidly evolving industry. Most businesses in the sector are very young and it is possible that some of them could go out of business in the future. Such an event could result in the loss of your investment. You should do your own research or consult a financial advisor before investing any money. Please read and satisfy yourself with our terms before continuing to use our website. We offer a free impartial comparison service of savings, loans and other DeFi products. We may receive a small commission from some of the companies listed, but this never influences our rankings. If you spot any errors in the information listed then please contact us at info@definda.com.

What are Stablecoins?

Stablecoins are a type of cryptocurrency that is designed to track the value of a non-crypto asset, for example fiat currencies such as the US Dollar, or a physical asset such as gold.

Whilst many cryptocurrencies such as Bitcoin offer features that make them a compelling investment choice, they do remain quite volatile in price. Some investors may choose to move part of their investment into a stablecoin as a means of protecting their wealth if they think the crypto market is falling.

Others may deliberately hold part of their portfolio in stablecoins in order to generate passive income from the high savings yields available, or to enable them to quickly move funds between exchanges to take advantage of arbitrage opportunities (difference in prices) between the exchanges.

 

What Is a Stablecoin Staking?

Defi platforms offer stablecoin staking besides other crypto staking. You can send fiat currencies to the defi and centralized crypto platforms and earn interest by holding them in a saving account.

The Federal Reserve of the United States issued Dollars and followed an expansive fiscal policy during the pandemic. Inflation rates have new highs and prices are going up constantly in the United States. This is very new for Americans. Interest rates offered by traditional banks are not satisfying anymore in 2021.

Defi platforms offer very competitive rates for stablecoins staking with very flexible terms and conditions. There are advantages and disadvantages of Defi platforms compared to traditional banks.

How Do Stablecoins Hold Their Value?

There are three main ways that stablecoins keep their value constant against non-crypto assets (e.g. the US Dollar):

Centralised vs Decentralised Stablecoins

One of the biggest appeals of the cryptocurrency space is its decentralised nature. No central controlling entity makes many cryptocurrencies highly censorship resistant and immune to government interference in their value.

When it comes to stablecoins some of these decentralisation benefits can be lost because a centralised issuing entity exists that manages the collateral.

For example one of the most popular and oldest stablecoins, Tether (USDT) is issued by a company, Tether Ltd. As a business that is holding traditional collateral on behalf of investors, Tether Ltd is required to comply with all the various money laundering and KYC rules. Whilst governments would argue that these rules are designed to protest investors, it does mean that Tether Ltd could freeze your funds if required to do so.

The crypto community recognises the centralisation problem that comes with some stablecoins and has established a number of innovative decentralised alternatives. MakerDAO is a Decentralised Autonomous Organisation (DAO) and as such there is no central entity. MakerDAO issues its own stablecoin, DAI, on the Etheruem blockchain. The value of the coin is automatically stabilised by smart contracts on the Ethereum blockchain meaning that no single entity is in control.

Why Are Stablecoin Yields so High?

Savings interest rates for stablecoins are amongst the highest available across all cryptocurrencies. The reason that platforms offer such high rates for stablecoins is that they have high demand for loans denominated in these currencies, particularly from institutional investors that are looking to borrow stablecoins in order to increase their leverage on speculative cryptocurrency trades.

What are the Advantages of a Stablecoin Staking?

Stablecoins have a much higher APR compared to fiat currencies. Crypto platforms offer interest rates up to 12% APR for stablecoin staking. Traditional banks offer very low APR. Enjoying the high yield available through stablecoin staking is a great way of fighting inflation.

The best thing about stablecoins is they have a stable price. The price of a stablecoin doesn’t fluctuate as the other cryptocurrencies make sharp moves. You can always withdraw stable coins to your bank account or send someone. There are many apps allowing you to send stablecoins. There are crypto debit and credit cards where you can spend stablecoins.

But of course, low risk brings a smaller yield. Make good research before deciding how you will use your savings. Make good research about the stablecoins issuer company.

What are the risks of Stablecoins?

Stablecoins are issued by private companies. They are not regulated and not federally protected. You should be aware of that before you invest in stablecoins. Especially centralized platforms can suddenly interfere with your and block your funds. They can require you to do identity verification and KYC. Go to our Platforms page and learn more about centralized and decentralized platforms before deciding to open a stable coin saving account.

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Article by Yunis
20 July 2021 (Updated 11 June 2024)

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