776 protocols rated$360.8B TVL tracked14 sectors

Ethena Alternatives: Similar Stablecoin Protocols Compared

Ethena carries a risk grade of C- (52/100). Below are 27 Stablecoin protocols ranked by safety — from safest to riskiest — as potential alternatives.

Current Protocol

Stablecoin

Risk

C-

Value

C

TVL

$6.1B

Safety analysis →Investment analysis →

AlternativeRiskValueTVL

1

Angle ProtocolSafer

B-

C

$4M

2

USDCSafer

B-

A

—

3

Reserve ProtocolSafer

B-

C-

$106M

4

Liquity V2Safer

B-

D+

$92M

5

Frax FinanceSafer

B-

B-

$59M

6

B-

C

$2M

7

Lybra FinanceSafer

B-

D+

$49,000

8

C+

C+

$65M

9

MentoSafer

C+

D+

$16M

10

Hylo ProtocolSafer

C+

D

$24M

11

MoneyOnChainSafer

C+

D

$39M

12

fx ProtocolSafer

C+

C-

$32M

13

Tether (USDT)Safer

C+

B

—

14

C+

C-

$148M

15

Aster USDFSafer

C+

C

$136M

16

Prisma FinanceSafer

C+

D

$50M

17

C+

D

$80M

18

AgoraSafer

C+

B

$189M

19

Falcon FinanceSafer

C+

C

$1.7B

20

Solstice USXSafer

C+

D

$360M

21

USDDSafer

C+

D

$651M

22

CapSafer

C

D

$208M

23

AegisSafer

C

D-

$39M

24

World Liberty FinancialSafer

C

C+

$500M

25

Stables Labs USDXSafer

C

D-

$8M

26

C-

C+

$111M

27

Elixir Protocol

D

D

$335,000

Is Ethena safe?Is Ethena a good investment?Ethena risk profile →