Stablecoin Risk Ratings

47 stablecoin products graded by peg stability, reserve transparency, and regulatory compliance

Protocols Rated

47

Avg Risk Score

42/100

Total TVL

$45.3B

Fiat-Backed

Backed 1:1 by bank deposits or Treasury bills. Main risk: counterparty and regulatory freeze.

ProtocolProductYieldRiskTVL
USDC
5.1%
B-
USDG0
C+
AUSD
4.6%
C+
$239M
USDT
4.2%
C
USDT0
3.8%
C
$3.4B

Crypto-Collateralized

Overcollateralized DeFi loans (CDPs). Main risk: liquidation cascades and oracle failures.

ProtocolProductYieldRiskTVL
LUSD
6.6%
B
$140M
DAI/USDS
B-
$5.7B
BOLD
5.7%
B-
$73M
RSV
B-
$37M
crvUSD
2.0%
B-
$61M
wsrUSD
5.0%
B-
$31M
mkUSD
C+
$50M
GHO
3.3%
C
$13.9B
MIM
D+
$4M

Delta-Neutral / Basis Trade

Hedged perpetual positions capturing funding rates. Main risk: funding rate inversion and exchange counterparty.

ProtocolProductYieldRiskTVL
USDf
4.7%
C
$1.3B
USDe
3.9%
C
$3.8B
USR
2.8%
D+
$6M
sNUSD
6.4%
D+
$186M
deUSD
5.0%
D
$13

RWA-Backed

Backed by real-world assets (T-bills, credit, commodities). Main risk: redemption delays and custody.

ProtocolProductYieldRiskTVL
mBASIS
8.0%
B-
$110M
XUPL
8.5%
C+
$247M
USYC
3.4%
C+
$3.0B
USDY
3.5%
C+
$2.6B
sAID
10.8%
C+
$20M
USDY
3.5%
C
$2.6B
USDM
6.0%
C-
sUSDai
7.4%
D
$157M

Yield Wrapper

Strategies layered on base stablecoins for enhanced yield. Main risk: smart contract layers and underlying strategy.

ProtocolProductYieldRiskTVL
AUSD
4.6%
B
$2.9B
coreUSDC
3.4%
B-
$283M
OUSD
5.9%
B-
$51M
gtUSDa
4.6%
C+
$1.4B
sDOLA
6.5%
C+
$20M
sfrxUSD
4.1%
C+
$43M
USD*
3.5%
C+
$9M
siUSD
5.7%
C+
$52M
yvUSDC
8.0%
C+
$181M
yoUSD
12.0%
C+
$80M
yzPP
12.5%
C+
$67M
savUSD
9.3%
C+
$118M
yUTY
8.5%
C+
$21M
sUSDa
7.4%
C+
$1M
sUSDu
10.0%
C
$53M
sUSN
9.5%
C
$34M
mPT-sUSDe
15.0%
C
$3M
msY
11.0%
C
$74M
syrupUSDC
5.1%
C-
$2.2B
USP
2.3%
D+
$25M