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Top Stablecoin Protocol Projects

The top Stablecoin Protocol projects, ranked by prominence — TVL, market cap, funding, and on-chain activity.

Aave

Aave

Decentralized lending and borrowing protocol

aptosarbitrumavalanche+24
Lista DAO

Lista DAO

Liquid staking and lending with negative rates

bnb-chainethereum
Reserve protocol

Reserve protocol

Create asset-backed currencies for the world

arbitrumbasebnb-chain+1
Thala

Thala

Aptos-native DeFi with stablecoin and AMM

aptos
Ethena

Ethena

The first crypto-native synthetic dollar

arbitrumavalanchebase+17
usd.ai

usd.ai

Yield-bearing synthetic dollar for AI compute financing

arbitrumbaseethereum+1
Resolv

Resolv

Delta-neutral stablecoin backed by ETH

bnb-chainethereum
Sperax

Sperax

Autonomous DeFi agents for self-optimizing portfolios.

arbitrumbnb-chainethereum
Level

Level

Decentralized perpetual exchange and yield protocol

arbitrumbnb-chainethereum
Frax

Frax

The first fractional-algorithmic stablecoin

arbitrumauroraavalanche+13
Usual

Usual

Stablecoin and yield protocol backed by real-world assets

basebnb-chainethereum
River

River

Cross-chain stablecoin without bridging

arbitrumbasebitcoin+8
USDD

USDD

Decentralized stablecoin backed by crypto reserves

bnb-chainethereumtron
World Liberty Financial

World Liberty Financial

Earn, borrow, and grow across chains

bnb-chainethereumsolana
Float Protocol

Float Protocol

Decentralized stablecoin for long-term value preservation

ethereum
Ampleforth

Ampleforth

The currency that breathes, not breaks

avalanchebnb-chainethereum+2
Sky

Sky

Governance for Sky Protocol and USDS

ethereum
Unitas

Unitas

Yield-bearing stablecoins, no banks needed.

basebnb-chainethereum+1
ICHI

ICHI

Smart liquidity management for yield and stability

arbitrumavalanchebase+24
Frankencoin

Frankencoin

Oracle-free Swiss franc stablecoin with yield

arbitrumavalanchebase+5
CAP

CAP

Credible financial guarantees via stablecoins

ethereumsolanasui
Saturn

Saturn

Bitcoin-backed credit protocol with dual-token stablecoins

bitcoinethereum
Resupply

Resupply

Maximize yield with half-rate borrowing

ethereum
Basis Cash

Basis Cash

Fairly distributed algorithmic stablecoin

ethereumpolygon
Stable

Stable

Governance token for USDFI with perpetual buybacks

arbitrumbnb-chainethereum+1
Noon

Noon

Yield-bearing stablecoin with delta-neutral strategy.

ethereumstarknettac+1
Fluid Protocol

Fluid Protocol

Zero-interest loans, unstoppable stablecoin liquidity.

fuel
Avant

Avant

DeFi-powered stable-value token for inclusive finance

avalancheethereum
Solomon

Solomon

A composable dollar that earns yield

solana
Handle.fi

Handle.fi

Decentralised multi-currency stablecoin protocol

arbitrumethereumpolygon
Hive

Hive

Feeless, decentralized social blockchain for the culture

solana
defi.money

defi.money

defunct

Cross-chain stablecoin with automated loan protection

arbitrumbaseoptimism
Zephyr Protocol

Zephyr Protocol

Private over-collateralized stablecoins on Monero

Mountain Protocol

Mountain Protocol

Regulated yield-bearing stablecoin backed by Treasuries

arbitrumbaseethereum+3
Flat Money

Flat Money

Flatcoin for stable value and inflation resistance

arbitrumbaseethereum+2
STBL

STBL

Yield-bearing stablecoins backed by real-world assets

bnb-chainethereum
Prime Protocol

Prime Protocol

defunct

First natively cross-chain decentralized liquidity protocol

arbitrumavalanchebase+6
Gyroscope

Gyroscope

Resilient stablecoin with diversified reserves and AMMs

arbitrumavalanchebase+8
USX

USX

Secure, composable stablecoin for Solana DeFi

scrollsolana
JPYC

JPYC

Japan's first regulated yen-pegged stablecoin

ethereumgnosispolygon
IDRX

IDRX

Decentralized stablecoin protocol

basebnb-chainetherlink+6
Glo Dollar

Glo Dollar

Stablecoin Protocol

arbitrumbasecelo+5
USAT

USAT

Stablecoin developed by Tether

ethereum
JPOW AI

JPOW AI

DeFi AI Agent

solana
Trevee

Trevee

A scalable yield bearing stablecoin

ethereumsonic
Hyperstable

Hyperstable

Over-Collateralized Stablecoin Protocol

hyperliquid
Bucket Protocol

Bucket Protocol

Over-collateralized stablecoin protocol

sui
Yuzu Money

Yuzu Money

Decentralized yield protocol

ethereummonadplasma
Aegis

Aegis

Stablecoin platform backed by Bitcoin

bnb-chainethereum
Hubble Protocol

Hubble Protocol

Solana borrowing and lending marketplace