Stablecoin Protocol Risk Ratings

Stablecoin issuers and their peg maintenance mechanisms. Risk factors include collateral quality, redemption mechanisms, and oracle dependencies.

Protocols

28

Avg Risk Score

41/100

Total TVL

$10.7B

Safest Stablecoin Protocols

1Angle ProtocolB-2USDCB-3Reserve ProtocolB-

Best Value Stablecoin Protocols

1USDCA2Tether (USDT)B3AgoraB

Popular Comparisons

Ethena vs Falcon FinanceEthena vs USDDEthena vs World Liberty Financial
ProtocolRiskValueTVL
Elixir ProtocolSafety →Investment →
D
D
$335,000
Usual ProtocolSafety →Investment →
C-
C+
$111M
EthenaSafety →Investment →
C-
C
$6.1B
Stables Labs USDXSafety →Investment →
C
D-
$8M
World Liberty FinancialSafety →Investment →
C
C+
$500M
AegisSafety →Investment →
C
D-
$39M
CapSafety →Investment →
C
D
$208M
AgoraSafety →Investment →
C+
B
$189M
Falcon FinanceSafety →Investment →
C+
C
$1.7B
Solstice USXSafety →Investment →
C+
D
$360M
USDDSafety →Investment →
C+
D
$651M
Aster USDFSafety →Investment →
C+
C
$136M
Prisma FinanceSafety →Investment →
C+
D
$50M
UnitasSafety →Investment →
C+
D
$80M
ResolvSafety →Investment →
C+
C-
$148M
fx ProtocolSafety →Investment →
C+
C-
$32M
Tether (USDT)Safety →Investment →
C+
B
—
Hylo ProtocolSafety →Investment →
C+
D
$24M
MoneyOnChainSafety →Investment →
C+
D
$39M
JupUSDSafety →Investment →
C+
C+
$65M
MentoSafety →Investment →
C+
D+
$16M
Lybra FinanceSafety →Investment →
B-
D+
$49,000
Frax FinanceSafety →Investment →
B-
B-
$59M
GyroscopeSafety →Investment →
B-
C
$2M
Liquity V2Safety →Investment →
B-
D+
$92M
Reserve ProtocolSafety →Investment →
B-
C-
$106M
USDCSafety →Investment →
B-
A
—
Angle ProtocolSafety →Investment →
B-
C
$4M

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