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Best Stablecoin Yields 2026 2026

Stablecoins are cryptocurrencies pegged to the dollar that let you earn yields without exposure to crypto price volatility. APYData compares the best APY on USDC, USDT, USDS and other stablecoins, in both DeFi protocols (Aave, Morpho, Fluid, Sky) and CeFi platforms (Binance, Maple Finance, Euler). An ideal product for generating dollar-denominated returns.

20
Products compared
8.00%
Best APY available
4.60%
Average APY
# Entity Product APY Score Risk Liquidity View
1
Nexo
 Nexo DAI Savings 8.00% 5.5 High Instant View →
2
Euler
 Euler v2 PYUSD Lending (Ethereum) 6.29% 4.1 High Instant View →
3
Morpho
 Superstate PYUSD Main (Ethereum) 5.52% 3.8 High Instant View →
4
Nexo
 Nexo USDT Savings 5.50% 4.8 High Instant View →
5
Nexo
 Nexo USDC Savings 5.50% 4.8 High Instant View →
6
Binance
 Binance USDC Savings Flexible 5.00% 5.9 Low Instant View →
7
Fluid
 Fluid — USDC Supply (Arbitrum) 4.81% 4.6 Medium Instant View →
8
Aave
 Aave v3 Staked GHO (sGHO) 4.71% 4.6 Medium Instant View →
9
Maple Finance
 Maple USDC Lending 4.45% 3.5 Medium Varies View →
10
Fluid
 Fluid — USDT Supply (Ethereum) 4.38% 4.5 Medium Instant View →
11
Moonwell
 Moonwell — USDC Supply (Base) 3.99% 4.4 Medium Instant View →
12
Jupiter
 Jupiter Lend USDC 3.88% 4.4 Medium Instant View →
13
Spark
 SparkLend Supply USDS 3.88% 4.4 Medium Instant View →
14
Sky
 Sky Savings sUSDS (Arbitrum) 3.75% 4.3 Medium Instant View →
15
Spark
 Spark Savings USDC 3.75% 4.3 Medium Instant View →
16
Morpho
 Morpho Steakhouse USDC (Base) 3.75% 4.3 Medium Instant View →
17
Morpho
 Gauntlet USDC Prime (Base) 3.75% 3.3 High Instant View →
18
Sky
 Sky Savings sUSDS 3.75% 4.3 Medium Instant View →
19
Maple Finance
 Maple USDT Lending 3.74% 3.3 Medium Varies View →
20
Fluid
 Fluid — USDC Supply (Ethereum) 3.55% 4.3 Medium Instant View →
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What are stablecoins and why do they generate yield?

Stablecoins are cryptocurrencies pegged to the US dollar. The most widely used — USDC, USDT and USDS — combine dollar stability with the ability to earn yield on DeFi protocols or CeFi platforms.

Yields come from real loan demand: traders and protocols that need stablecoin liquidity pay interest to depositors. Unlike tokens with artificially high APYs, stablecoin yields are backed by real market demand.

DeFi vs CeFi for stablecoins

DeFi (Aave, Morpho, Fluid, Euler): you control your assets via your own wallet. Higher APY and no centralised counterparty risk, but requires technical knowledge.

CeFi (Binance, Maple Finance): the platform holds your assets. Simpler interface, more accessible for beginners.

Stablecoins vs bank deposits

The best European bank deposits offer up to 3.5% APY with DGS guarantee (up to €100,000). Stablecoins offer between 3.75% and 6.7%, but without deposit guarantee. The yield difference compensates for the additional risk.

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Frequently asked questions
What is a stablecoin?
A stablecoin is a cryptocurrency pegged to the US dollar. The most popular are USDC (Circle), USDT (Tether) and USDS (Sky/MakerDAO). Their goal is to maintain a stable price, unlike Bitcoin or Ethereum.
How much can I earn with stablecoins in 2026?
In 2026, the best stablecoin APYs range from 3.5% to 6.7%. Highest rates are on DeFi lending protocols (Euler 6.7%, Fluid 4.1%) or centralised exchanges like Binance (USDC 5%).
Are stablecoins safe?
Stablecoins carry different risks from bank deposits: de-pegging risk, platform risk, and regulatory risk. USDC and USDT have solid track records but there is no deposit guarantee scheme.
DeFi vs CeFi for stablecoins?
In DeFi (Aave, Morpho) a smart contract manages deposits on blockchain without a centralised custodian. In CeFi (Binance, Nexo) the platform holds your assets. DeFi removes centralised counterparty risk but adds smart contract risk.