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Segment

Yield-Bearing & Tokenized-Dollar Instruments

These tokens are tracked separately from the $302.5B stablecoin total. A stablecoin is a par-redeemable claim that holds ~$1; the tokens below are designed to appreciate (they accrue yield) or track an asset other than a currency, so under the BIS/IMF definition they are tokenized investment instruments, not stablecoins. We track their size here as an adjacent segment. Updated daily, 4 September 2026.

$16.4BYield-bearing / tokenized-dollar · 99 tokens
$52MTokenized commodity · 2 tokens
Why not added to the stablecoin total? Many of these are wrappers — sUSDe is staked USDe, sUSDS is staked USDS — so their dollars are a subset of an underlying stablecoin already counted in the headline figure. Adding them would double-count. Others (USDY and tokenized treasuries) are standalone money-market-like instruments whose dollars sit outside the stablecoin universe entirely.

Yield-bearing & tokenized-dollar

# Name Yield (APY) Market Cap 30D Trend Mcap Change Vol / Mcap Type
1 SUSDS sUSDS 3.60% $4.65B SUSDS market cap trend, last 30 days: -2.1% -0.08% -0.75% -2.05% -26.06% +14.49% 0.0% Yield
2 USDY Ondo US Dollar Yield 3.56% $2.19B USDY market cap trend, last 30 days: +2.0% +0.21% +0.10% +1.80% +2.91% +218.67% 0.0% Yield
3 sUSDe Ethena Staked USDe 4.45% $1.41B sUSDe market cap trend, last 30 days: -9.6% -0.00% +7.07% -9.71% -21.31% -59.32% 0.7% Yield
4 USDf Falcon USD 1.28%* $1.34B USDf market cap trend, last 30 days: -5.5% -0.04% +0.02% -5.69% -8.35% -37.97% 0.0% Yield
5 BFUSD BFUSD 1.97%* $1.32B BFUSD market cap trend, last 30 days: +0.2% +0.00% -0.05% +0.10% +0.04% +0.15% 0.4% Yield
6 syrupUSDC syrupUSDC 5.03% $967M syrupUSDC market cap trend, last 30 days: -12.9% -0.02% -0.72% -12.89% -28.03% -26.46% 0.3% Yield
7 YLDS YLDS — $524M YLDS market cap trend, last 30 days: -19.1% -0.02% -23.46% -16.03% -1.38% — 0.6% Yield
8 USDtb USDtb — $482M USDtb market cap trend, last 30 days: +36.6% -0.03% -0.23% +36.67% -52.14% -42.78% 0.2% Yield
9 SYRUPUSDT syrupUSDT 11.73%* $396M SYRUPUSDT market cap trend, last 30 days: -11.6% +0.01% -2.81% -12.31% +8.43% -42.96% 0.0% Yield
10 ONYC OnRe Tokenized Reinsurance 11.73%* $297M ONYC market cap trend, last 30 days: +18.5% +0.04% +4.70% +18.54% +60.09% +309.83% 1.2% Yield
11 USDAI USDai — $280M USDAI market cap trend, last 30 days: +62.0% +0.01% +24.21% +61.90% +39.61% -57.08% 0.4% Yield
12 REUSD Re Protocol reUSD 7.13%* $245M REUSD market cap trend, last 30 days: +43.2% -0.02% +2.21% +43.21% — — 3.5% Yield
13 SUSDD Savings USDD 4.89%* $212M SUSDD market cap trend, last 30 days: -16.9% +0.01% -7.36% -17.30% -1.13% — 0.0% Yield
14 SUSDC Spark USDC 12.06%* $205M SUSDC market cap trend, last 30 days: +10.0% 0.00% 0.00% +10.02% — — 0.0% Yield
15 APYUSD apyUSD 75.71%* $187M APYUSD market cap trend, last 30 days: +7.5% +0.39% +2.50% +8.01% -2.01% — 0.8% Yield
16 SDAI Savings Dai — $167M SDAI market cap trend, last 30 days: -2.6% -0.01% -0.09% -2.55% -5.91% -15.40% 1.0% Yield
17 SYRUPUSDG syrupUSDG 5.12%* $139M SYRUPUSDG market cap trend, last 30 days: +22.6% +0.01% +2.98% +25.97% — — 0.1% Yield
18 SAVUSD Avant Staked USD — $102M SAVUSD market cap trend, last 30 days: +7.3% 0.00% 0.00% -2.69% +30.64% +18.25% 0.0% Yield
19 STEAKUSDC Steakhouse USDC V2 5.02%* $95M STEAKUSDC market cap trend, last 30 days: -8.6% -0.38% -4.90% -10.91% +51.75% +1548.13% — Yield
20 GTUSDCP Gauntlet USDC PRIME V2 6.30%* $88M GTUSDCP market cap trend, last 30 days: +13.3% -0.38% +1.91% +13.06% -12.95% +86824.89% — Yield
21 SUSD1+ staked USD1+ — $80M SUSD1+ market cap trend, last 30 days: -0.2% -0.00% -0.08% -0.17% -54.88% -2.63% 0.0% Yield
22 fxUSD f(x) Protocol fxUSD — $79M fxUSD market cap trend, last 30 days: +22.7% +0.03% +11.75% +22.65% +68.28% +139.55% 4.8% Yield
23 mTBILL Midas mTBILL 3.59%* $74M mTBILL market cap trend, last 30 days: +12.6% +0.01% +0.73% +12.68% +39.29% +90.55% — Yield
24 FXSAVE f(x) USD Saving 11.95%* $72M FXSAVE market cap trend, last 30 days: +19.7% +0.05% +13.26% +24.89% +28.95% +33.48% 0.1% Yield
25 SYZUSD Staked Yuzu USD 3.67%* $66M SYZUSD market cap trend, last 30 days: +21.7% 0.00% -1.49% +22.76% +33.52% +316.33% 0.0% Yield
26 STEAKUSDT Steakhouse USDT V2 6.35%* $61M STEAKUSDT market cap trend, last 30 days: -17.0% -0.81% +2.04% -17.85% +159.22% +506.40% — Yield
27 YZUSD Yuzu USD — $58M YZUSD market cap trend, last 30 days: +25.7% +0.68% -1.13% +29.79% +41.19% +45.44% 0.0% Yield
28 SDAI Savings xDAI 10.55%* $51M SDAI market cap trend, last 30 days: -6.1% +0.16% -1.65% -6.11% -26.73% -46.11% 0.4% Yield
29 STRUSD Tori Staked trUSD 10.43%* $49M STRUSD market cap trend, last 30 days: +21.3% +0.01% +1.69% +30.79% — — 0.3% Yield
30 IUSD InfiniFi USD — $48M IUSD market cap trend, last 30 days: -7.5% -0.02% -0.81% -8.03% -38.17% -73.08% 0.0% Yield
31 SRUSDE Strata Senior USDe 3.74%* $47M SRUSDE market cap trend, last 30 days: -20.8% +0.95% -19.53% -20.84% -26.00% -74.47% 0.0% Yield
32 USDU USDu 1.52%* $45M USDU market cap trend, last 30 days: -15.6% -0.01% -5.46% -15.69% -29.67% +66.29% 0.1% Yield
33 STEAKCUSDC Steakhouse Confidential Prime USDC 9.08%* $39M STEAKCUSDC market cap trend, last 30 days: -8.1% -0.05% -0.62% +31.16% — — — Yield
34 SFRXUSD Frax Staked frxUSD 11.01%* $35M SFRXUSD market cap trend, last 30 days: +3.2% +0.02% +2.52% +7.62% -11.59% +48.76% 4.3% Yield
35 SUSN Staked USN 10.91%* $34M SUSN market cap trend, last 30 days: +11.0% +0.04% -3.44% +11.80% +12.02% +107.76% 0.5% Yield
36 EARNUSD Lido EarnUSD 8.98%* $30M EARNUSD market cap trend, last 30 days: +15.8% -0.38% +0.33% +15.95% +387.75% — — Yield
37 ETH:GUSDTQ Galaxy USDT Quality 5.11%* $23M ETH:GUSDTQ market cap trend, last 30 days: -17.5% -0.38% -0.31% -17.52% — — — Yield
38 ETH:GUSDCQ Galaxy USDC Quality (Ethereum) 6.42%* $22M ETH:GUSDCQ market cap trend, last 30 days: -7.9% -0.38% -0.82% -7.98% — — — Yield
39 SCRVUSD Savings crvUSD — $16M SCRVUSD market cap trend, last 30 days: -13.4% -0.01% +0.45% -14.41% -13.46% -21.22% 8.6% Yield
40 SDOLA sDOLA 9.37%* $14M SDOLA market cap trend, last 30 days: +113.8% +0.01% +2.82% +108.68% +236.40% -52.94% 0.6% Yield
41 SAID GAIB sAID — $12M SAID market cap trend, last 30 days: +0.0% 0.00% 0.00% 0.00% -37.01% — 0.0% Yield
42 USDB USDB — $12M USDB market cap trend, last 30 days: -3.6% -1.32% -1.41% -3.75% -19.88% -97.16% 0.3% Yield
43 YUSD YieldFi yToken — $11M YUSD market cap trend, last 30 days: -0.0% 0.00% 0.00% -0.00% -0.00% -28.22% — Yield
44 USDX Axis USD — $10M — — — — — 22.3% Yield
45 KPK_USDC_YIELDV2 kpk USDC Yield V2 Morpho Vault (Ethereum) 8.83%* $9M KPK_USDC_YIELDV2 market cap trend, last 30 days: +40.3% -0.37% -7.05% +44.89% +150.30% — — Yield
46 WITRY Wrapped iTRY 14.02%* $8M WITRY market cap trend, last 30 days: -2.6% -0.10% -0.95% -2.66% +9.67% — — Yield
47 YOUSD Yield Optimizer USD 3.62%* $8M YOUSD market cap trend, last 30 days: -14.5% +0.01% -7.52% -14.54% -41.09% -71.63% — Yield
48 MRE7YIELD Midas mRe7YIELD 7.28%* $8M MRE7YIELD market cap trend, last 30 days: +0.4% 0.00% +0.03% +0.37% -22.37% -49.92% — Yield
49 SRUSDAT Strata Senior USDat 8.99%* $7M SRUSDAT market cap trend, last 30 days: +57.6% +0.02% +1.57% +57.44% — — — Yield
50 OUSD Origin Dollar — $6M OUSD market cap trend, last 30 days: +8.5% +0.01% +0.72% +8.28% +3.82% -32.22% 1.7% Yield
51 USP USP Yield Optimized Stablecoin 11.84%* $6M USP market cap trend, last 30 days: -31.8% +0.16% -15.05% -31.85% -69.47% — 0.2% Yield
52 MBASIS Midas mBASIS 11.01%* $5M MBASIS market cap trend, last 30 days: +3.3% +0.04% +0.25% +3.29% +47.00% -30.38% — Yield
53 XUSD Staked Stream USD — $5M XUSD market cap trend, last 30 days: -38.3% 0.00% 0.00% -38.33% -30.61% -25.51% 0.0% Yield
54 HBUSDT Hyperbeat USDT 11.84%* $4M HBUSDT market cap trend, last 30 days: -8.7% -0.00% -4.81% -8.85% -30.37% -83.71% 0.2% Yield
55 VYUSD YieldFi vyUSD — $3M VYUSD market cap trend, last 30 days: +0.0% 0.00% 0.00% 0.00% 0.00% -81.78% — Yield
56 ASUSDF Aster Staked USDF 3.61%* $3M ASUSDF market cap trend, last 30 days: -5.8% +0.14% +1.71% -8.74% -20.78% -89.83% 0.0% Yield
57 EVAUSDT evaUSDT — $3M EVAUSDT market cap trend, last 30 days: -2.4% -0.04% -1.64% -4.37% -11.91% — 0.3% Yield
58 LIMUSD limUSD — $3M LIMUSD market cap trend, last 30 days: +0.2% -0.13% -0.69% +0.34% +2.00% — 0.0% Yield
59 ASONUSDC Aave USDC (Sonic) — $3M ASONUSDC market cap trend, last 30 days: -7.4% 0.00% -1.49% -7.41% -22.77% -83.37% 0.0% Yield
60 USDM Monetrix USD 15.23%* $3M USDM market cap trend, last 30 days: +0.5% +0.05% -1.14% -0.11% — — 6.6% Yield
61 ISC International Stable Currency 12.18%* $2M ISC market cap trend, last 30 days: +1.4% -0.71% -0.76% +2.32% +2.39% +4.26% 0.1% Yield
62 EVAUSDC evaUSDC — $2M EVAUSDC market cap trend, last 30 days: -6.9% -0.03% -0.95% -6.92% -17.29% — 0.1% Yield
63 BASEETH:GUSDCQ Galaxy USDC Quality (Base) 5.11%* $2M BASEETH:GUSDCQ market cap trend, last 30 days: +7570.2% -0.38% -0.85% +7564.68% — — — Yield
64 JRUSDAT Strata Junior USDat 860.12%* $2M JRUSDAT market cap trend, last 30 days: +81.8% +2.37% +0.52% +94.76% — — — Yield
65 USD3 Web 3 Dollar 12.06%* $2M USD3 market cap trend, last 30 days: -48.2% +0.16% -0.69% -48.31% -65.14% -85.98% 0.0% Yield
66 GTUSDA Gauntlet USD Alpha 4.78%* $2M GTUSDA market cap trend, last 30 days: -3.7% +0.01% -0.33% -3.71% -0.65% — — Yield
67 SRNUSD Strata Senior NUSD 3.70%* $1M SRNUSD market cap trend, last 30 days: -1.7% +0.01% +0.08% -1.63% -37.27% — — Yield
68 GTUSDTP Gauntlet USDT PRIME V2 5.06%* $1M GTUSDTP market cap trend, last 30 days: +16.1% -0.38% -48.91% -65.68% -95.49% +69041918.58% — Yield
69 JRMM1-USD Strata Junior mM1-USD 7.67%* $1M JRMM1-USD market cap trend, last 30 days: +0.6% +0.01% +0.04% +0.62% +140.64% — — Yield
70 KPK_RWA_USDC kpk USDC RWA Euler Vault (Ethereum) 5.10%* $1M KPK_RWA_USDC market cap trend, last 30 days: +0.4% -0.37% -0.25% +0.31% +0.15% — — Yield
71 SUSP Pareto Staked USP 11.84%* $738,306 SUSP market cap trend, last 30 days: +2.0% +0.02% +0.07% +1.98% +0.51% -79.83% — Yield
72 SRUSD Reservoir srUSD — $717,466 SRUSD market cap trend, last 30 days: -0.8% -0.24% -0.68% +0.30% -22.34% -85.40% — Yield
73 SUSD Solayer USD — $713,530 SUSD market cap trend, last 30 days: -2.1% -0.05% -0.31% -14.72% -86.82% -87.44% 0.1% Yield
74 SUSDZ Anzen Staked USDz — $611,933 SUSDZ market cap trend, last 30 days: +0.0% 0.00% 0.00% 0.00% -1.43% -74.22% 0.1% Yield
75 SRMHYPER Strata Senior mHYPER 7.64%* $584,806 SRMHYPER market cap trend, last 30 days: -6.3% +0.02% -6.33% -6.31% +94.57% — — Yield
76 SDUSD dTRINITY Staked dUSD — $516,309 SDUSD market cap trend, last 30 days: -3.4% 0.00% -2.97% -3.44% +18.86% — 0.8% Yield
77 USDV Delpho USDV — $446,477 USDV market cap trend, last 30 days: +144.3% -0.02% +3.25% — — — 87.1% Yield
78 SRMM1-USD Strata Senior mM1-USD 3.80%* $420,663 SRMM1-USD market cap trend, last 30 days: +0.3% +0.00% +0.03% +0.35% +0.84% — — Yield
79 JRNUSD Strata Junior NUSD 11.95%* $309,217 JRNUSD market cap trend, last 30 days: -2.8% +0.02% +0.19% -18.17% -89.31% — — Yield
80 USDZ USDZ 57.94%* $298,815 USDZ market cap trend, last 30 days: +3.7% 0.00% -0.45% +3.70% +3.93% +11.20% 0.0% Yield
81 STEAKPYUSD Steakhouse PYUSD V2 6.25%* $277,945 STEAKPYUSD market cap trend, last 30 days: -38.0% -0.12% +1.95% -35.92% -61.84% +44833.55% — Yield
82 HAUSDC Harmonix USDC — $273,954 HAUSDC market cap trend, last 30 days: +0.0% 0.00% 0.00% 0.00% -1.52% — 0.0% Yield
83 SJUSD sjUSD — $271,486 SJUSD market cap trend, last 30 days: +0.0% 0.00% 0.00% 0.00% +0.32% — 4.8% Yield
84 LOAZND Mu Digital Locked AZND — $257,575 LOAZND market cap trend, last 30 days: +0.0% 0.00% 0.00% 0.00% +32.73% — 0.0% Yield
85 USDAF Asymmetry USDaf — $248,000 USDAF market cap trend, last 30 days: -13.3% -0.01% -5.56% -13.70% -56.17% -87.74% 0.0% Yield
86 JRMHYPER Strata Junior mHYPER 6.25%* $224,980 JRMHYPER market cap trend, last 30 days: -58.8% -0.02% -1.43% -58.82% +60.75% — — Yield
87 SOUSD Solid USD (soUSD) — $153,375 SOUSD market cap trend, last 30 days: -0.7% -0.89% -0.32% -0.58% -39.59% -50.30% 0.5% Yield
88 KPK_USDC_YIELDV2 kpk USDC Yield V2 Morpho Vault (Arbitrum) 6.34%* $81,617 KPK_USDC_YIELDV2 market cap trend, last 30 days: -85.8% -0.38% +26.80% -86.08% -86.62% — — Yield
89 USND US Nerite Dollar — $57,675 USND market cap trend, last 30 days: +19.4% +0.14% +25.63% +19.69% +30.82% -96.39% 0.4% Yield
90 SLVLUSD Staked Level USD — $51,990 SLVLUSD market cap trend, last 30 days: +0.0% 0.00% 0.00% 0.00% -18.41% -92.74% 0.0% Yield
91 NELIXIR Nest Elixir Vault — $33,854 NELIXIR market cap trend, last 30 days: -2.6% 0.00% 0.00% -2.64% -10.19% -60.20% — Yield
92 JVHHUSDC jvhhVault 3.65%* $9,219 JVHHUSDC market cap trend, last 30 days: -92.3% -0.38% -96.43% — — — — Yield
93 MUSDC Monstro USDC Vault — $6,319 MUSDC market cap trend, last 30 days: +0.0% 0.00% 0.00% -37.73% -76.02% — 0.0% Yield
94 SVJUSD Savings Vault JUSD (Citrea) — $3,412 SVJUSD market cap trend, last 30 days: +0.0% 0.00% 0.00% 0.00% -1.41% — 0.1% Yield
95 YTRYB Yield TRYB — $1,247 YTRYB market cap trend, last 30 days: +0.0% 0.00% 0.00% 0.00% -0.12% -98.58% 0.2% Yield
96 RTUSQ CICADA rtUSQ — $730 RTUSQ market cap trend, last 30 days: -100.0% 0.00% 0.00% -99.95% -99.96% — 0.3% Yield
97 KTB Etherfuse KTB 65.68%* $73 KTB market cap trend, last 30 days: +4.1% 0.00% -0.11% +4.08% +8.72% — 12.3% Yield
98 YHLP YieldFi yHLP — $21 YHLP market cap trend, last 30 days: +0.0% 0.00% 0.00% 0.00% -99.90% — — Yield
99 YVALOS YieldFi Valos — $10 YVALOS market cap trend, last 30 days: +0.0% 0.00% 0.00% 0.00% 0.00% — — Yield

Tokenized commodity

Par to a commodity (e.g. gold), not a currency — a store of value, not money.

#NameMarket Cap 7d Change %Peg
1 AUSDT Alloy Tether $50M -0.10% Gold
2 STT SilverTimes Token $2M — Gold

Frequently asked questions

What is the total market cap of yield-bearing stablecoins?

Yield-bearing and tokenized-dollar instruments total $16.4B across 99 tokens as of 4 September 2026. They are tracked separately from the stablecoin market cap because they are designed to appreciate rather than hold a $1 peg.

What is the largest yield-bearing stablecoin?

sUSDS (SUSDS) is the largest at $4.65B as of 4 September 2026.

Are yield-bearing stablecoins counted in the total stablecoin market cap?

No. Under the BIS/IMF definition a stablecoin is a par-redeemable claim that holds ~$1. Yield-bearing tokens appreciate, so they are excluded. Many are also wrappers — sUSDe is staked USDe, sUSDS is staked USDS — whose value is a subset of an underlying stablecoin already counted, so including them would double-count.

How do yield-bearing stablecoins work?

They pass on a yield to holders, so the token's value rises over time instead of staying at $1. For example sUSDe accrues Ethena's staking and funding yield, and sUSDS accrues the Sky Savings Rate. Tokenized-treasury tokens such as USDY hold short-term US government debt.

Market, yield, and on-chain data sourced directly or via third-party providers. Yields marked with * are implied from the token's 30-day price appreciation; unmarked yields are reported by the underlying pool. Tokens whose yield is distributed via separate token issuance rather than price (e.g. par-stable RWA wrappers) may show no yield here. Excluded from the stablecoin tracker total by design — see methodology for the segment definition and source detail.