Best Stablecoin Yields Compared
Indicative rates for parking USDC, USDT and DAI across major CeFi platforms and DeFi protocols — with the risk that pays for each yield stated plainly. Click a column header to sort.
Rates last verifiedJul 11, 2026
| Platform | Type | Coin | APY | Risk |
|---|---|---|---|---|
| Sky Savings Rate | DeFi | USDS | 3.6% | medium Smart-contract risk; rate set by Sky (ex-MakerDAO) governance — cut repeatedly through 2026. |
| Aave v3 | DeFi | USDC | 4.0% | medium Battle-tested lending protocol; rate floats with borrow demand. |
| Morpho | DeFi | USDC | 5.5% | medium Curated lending vaults (typical 4–8% band); depends on vault curator quality. |
| Compound v3 | DeFi | USDC | 4.0% | medium Long-running lending protocol; floating utilization-based rate. |
| Coinbase (Coinbase One) | CeFi | USDC | 4.0% | low Since late 2025 rewards require a paid Coinbase One membership — non-subscribers earn nothing. |
| Kraken Rewards | CeFi | USDC | 1.8% | low Base rate for all users; up to 3.75% with the paid Kraken+ subscription. Availability varies by region. |
| Binance Simple Earn (Flexible) | CeFi | USDT | 3.5% | medium Custodial; headline tiers only apply to small balances. |
| OKX Earn (Flexible) | CeFi | USDC | 3.0% | medium Custodial; promotional tiers for new users skew advertised rates. |
| Nexo | CeFi | USDT | 12.0% | high Top rates require locking terms and holding NEXO tokens; rate is personalized by tier; lender credit risk. |
| Ethena sUSDe | DeFi | USDe | 8.5% | high Yield from perp funding rates — can compress to near zero; synthetic-dollar design, not a fiat-backed stablecoin. |
| Ondo USDY | RWA | USDY | 4.4% | low Tokenized T-bill yield; not available to US persons. |
| Curve 3pool | DeFi | USDC/USDT/DAI | 2.2% | medium LP fees + CRV incentives; stable-pool IL is minimal but non-zero. |
Indicative rates, refreshed weekly by hand — headline tiers, lock-ups and regional availability vary. Some platform links may be affiliate links (marked sponsored). See how we verify rates.
Read this before chasing the top row
Sorting by APY is exactly how people get hurt in this market. A regulated exchange passing through ~4% of T-bill-anchored yield and a platform advertising 10%+ are not the same product with different prices — they are different risks. As a rule of thumb: anything meaningfully above the short-term Treasury rate is being paid for something — your credit risk to a lender, smart-contract exposure, a token subsidy, or a trading strategy that can go to zero yield (or negative) in a bad month.
The honest framework: match the yield source to your risk budget. Lending blue-chips on Aave or Compound has years of battle-testing but floats with demand; CeFi programs add counterparty risk you can't audit; synthetic designs like Ethena's sUSDe have produced double-digit yields and can compress abruptly. Diversify venues, keep position sizes honest, and treat every rate on this page as "this week's number," not a promise — the full guide walks through each source with examples.
Frequently asked questions
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Disclaimer: This tool provides educational estimates only — it is not financial, investment, or tax advice. Quoted rates change constantly and platform risk is real — never deposit more than you can afford to lose. Crypto assets are volatile; past performance does not guarantee future results. See our methodology and full disclaimer.