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

Aave
Decentralized lending and borrowing protocol

Lista DAO
Liquid staking and lending with negative rates

Reserve protocol
Create asset-backed currencies for the world

Thala
Aptos-native DeFi with stablecoin and AMM

Ethena
The first crypto-native synthetic dollar

usd.ai
Yield-bearing synthetic dollar for AI compute financing

Resolv
Delta-neutral stablecoin backed by ETH

Sperax
Autonomous DeFi agents for self-optimizing portfolios.

Level
Decentralized perpetual exchange and yield protocol

Frax
The first fractional-algorithmic stablecoin

Usual
Stablecoin and yield protocol backed by real-world assets

River
Cross-chain stablecoin without bridging

USDD
Decentralized stablecoin backed by crypto reserves

World Liberty Financial
Earn, borrow, and grow across chains

Float Protocol
Decentralized stablecoin for long-term value preservation

Ampleforth
The currency that breathes, not breaks

Sky
Governance for Sky Protocol and USDS

Unitas
Yield-bearing stablecoins, no banks needed.

ICHI
Smart liquidity management for yield and stability

Frankencoin
Oracle-free Swiss franc stablecoin with yield

CAP
Credible financial guarantees via stablecoins

Saturn
Bitcoin-backed credit protocol with dual-token stablecoins

Resupply
Maximize yield with half-rate borrowing

Basis Cash
Fairly distributed algorithmic stablecoin

Stable
Governance token for USDFI with perpetual buybacks

Noon
Yield-bearing stablecoin with delta-neutral strategy.

Fluid Protocol
Zero-interest loans, unstoppable stablecoin liquidity.

Avant
DeFi-powered stable-value token for inclusive finance

Solomon
A composable dollar that earns yield

Handle.fi
Decentralised multi-currency stablecoin protocol

Hive
Feeless, decentralized social blockchain for the culture

defi.money
defunctCross-chain stablecoin with automated loan protection

Zephyr Protocol
Private over-collateralized stablecoins on Monero

Mountain Protocol
Regulated yield-bearing stablecoin backed by Treasuries

Flat Money
Flatcoin for stable value and inflation resistance

STBL
Yield-bearing stablecoins backed by real-world assets

Prime Protocol
defunctFirst natively cross-chain decentralized liquidity protocol

Gyroscope
Resilient stablecoin with diversified reserves and AMMs

USX
Secure, composable stablecoin for Solana DeFi

JPYC
Japan's first regulated yen-pegged stablecoin

IDRX
Decentralized stablecoin protocol

Glo Dollar
Stablecoin Protocol

USAT
Stablecoin developed by Tether

JPOW AI
DeFi AI Agent

Trevee
A scalable yield bearing stablecoin

Hyperstable
Over-Collateralized Stablecoin Protocol

Bucket Protocol
Over-collateralized stablecoin protocol

Yuzu Money
Decentralized yield protocol

Aegis
Stablecoin platform backed by Bitcoin

Hubble Protocol
Solana borrowing and lending marketplace