Apyx is a stablecoin protocol aimming to translate dividend streams generated on public company balance sheets into onchain yield, offering stable, yield-bearing exposure.

River is building a chain-abstracted stablecoin system, connecting assets, liquidity, and returns across multiple blockchains. Through its core stablecoin, satUSD, users can achieve returns, leverage, and scale across diverse ecosystems. River's key feature is its pioneering omni-CDP module, allowing users to collateralize assets on chain A and mint satUSD on chain B—all without requiring cross-chain asset bridging.

Resolv is a delta-neutral stablecoin protocol revolves around tokenizing a market-neutral portfolio. The architecture is based on an economically viable and fiat-independent yield source. This allows to distribute competitive returns to liquidity providers of the protocol.

United Stables is a unified, transparent, and institution-ready stablecoin designed for the next phase of on-chain finance.

World Liberty Financial is a DeFi project supported by the Donald Trump family. Its mission is to "make cryptocurrencies and America great by promoting the mass adoption of stablecoins and decentralized finance". World Liberty Financial will first be launched as a market for cryptocurrency lending using Aave infrastructure, and will launch its governance token WLFI and stablecoin USD1. Unlike other governance tokens such as UNI and MKR, WLFI does not provide economic rights.

Ethena is building derivative infrastructure to enable Ethereum to transform into the Global Internet Bond via delta-neutral positions on stETH, to create the first crypto-native, yield bearing stablecoin: USDE.

Aave is a decentralized finance protocol for borrowing and lending, where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion. AAVE is used as the center of gravity of Aave Protocol governance, allowing users to vote and decide on the outcome of Aave Improvement Proposals (AIPs). Additionally, AAVE can be staked within the protocol's Safety Module to provide security/insurance to the protocol and depositors. Stakers earn staking rewards and fees from the protocol.

JPYC is a stablecoin pegged to the Japanese Yen that supports NFT purchases and the exchange of crypto assets for real-world goods. JPYC is committed to providing compliant Japanese Yen stablecoin issuance and operation services.

Olympus aims to create a decentralized, censorship-resistant reserve currency for the emerging Web3 ecosystem. The project centers around its OHM token, which is a non-pegged stablecoin that hopes to eventually be viewed as a crypto-native fiat alternative. It does this through various mechanisms: using its treasury to increase and decrease the supply of OHM, LP bonds, and a DAO-controlled variable.

Sky is a decentralized financial system whose native currencies USDS and SKY are upgraded versions of DAI and MKR. Other products include Sky Savings Rate, Sky Token Rewards and Staking Engine, and SkyLink connects the Ethereum mainnet and Layer 2 network.

The Reserve Protocol is a decentralized stablecoin platform that aggregates tokenized assets to create a fully decentralized stable cryptocurrency (RTokens). The ultimate goal of the Reserve Protocol is to provide an alternative to fiat currency. In January 2024, Reserve announced the establishment of two new companies, ABcLabs and Confusion Capital, with the former focusing on the development and promotion of the Reserve Protocol and the latter focusing on the development of the ecosystem.

Usual is a fiat-backed stablecoin protocol that plans to launch USD0, a permissionless and fully compliant stablecoin backed 1:1 by real-world assets (RWAs), and USUAL, a governance token that allows the community to guide the future evolution of the network. Usual addresses current stablecoin market issues by redistributing profits to the community, rewarding token holders with real yields generated by the RWAs.

STBL is a decentralized, non-custodial platform built to redefine stablecoin utility by combining yield, transparency, and real-world asset (RWA) backing. At its core, STBL is a mechanism to mint stablecoins — namely USST and USI — with unique advantages that stand out in the DeFi ecosystem: yield without staking, no lockups, and RWA-powered growth.

StandX is a perpetual DEX that enables users to trade with yield-earning margins. DUSD is StandX's first product - a yield-bearing stablecoin.

Mento Labs is a stablecoin and digital asset innovation lab spun out of cLabs (Celo). The lab provides support for Mento's basket of cryptoasset platforms, All Mento stables (cEUR, cREAL, cUSD) are fully backed by USDC and DAI. And loyalty and engagement, regenerative finance, and risk management, monitoring, and maintenance.

Avalon Labs is a BTCFi protocol aims to increase the use of Bitcoin within its platform by allowing users to unlock the value of their holdings by using them as collateral to obtain USDa. Avalon Labs also offers financial products such as Bitcoin-backed loans, interest-bearing savings accounts, and a credit card.

ORIGIN is a DeFi 3.0 protocol based on the algorithmic non-stablecoin LGNS, aiming to establish a privacy-anonymous stablecoin payment ecosystem. ORIGIN achieves stable and predictable currency issuance through advanced algorithmic technology, allowing individuals to issue algorithmic non-stablecoins and mint them into algorithmically private and anonymous stablecoins, reducing dependence on traditional central banks.

Frankencoin is a stablecoin with a stable 1:1 value against the Swiss Franc.

Polaris is a triple-engine stablecoin protocol built to solve the stablecoin “Yield Trap”. By monetizing pETH volatility via a bonding curve, conversion mechanics, and CDP architecture, Polaris generates uncorrelated yield that scales as the system grows without counterparty or credit risk.

Yala connects Bitcoin liquidity with a meta yield stablecoin. Designed as both a potent asset and a liquidity enhancer, the stablecoin, yU, operates across various ecosystems, increasing efficiency without the need for bridges or relocating the underlying Bitcoin. Yala empowers Bitcoin holders and ecosystem participants with expanded utility, all while maintaining the security of Bitcoin’s infrastructure.

Lista DAO is a decentralized stablecoin lending protocol powered by LSDfi. Users can undergo staking and liquid staking on Lista, as well as borrow lisUSD against a variety of decentralized collateral. Lista aims to position lisUSD as the number one stablecoin in the crypto space, leveraging on innovative liquid staking solutions.

Global Dollar Network is an open network to accelerate and reward the adoption of stable currency, supported by USDG. Global Dollar (USDG) is a single-currency stablecoin (SCS) pegged to the US dollar, issued by Paxos Digital Singapore Pte. Ltd. (PDS) and is compliant with the Monetary Authority of Singapore's (MAS) forthcoming stablecoin framework. Built for payments, settlements and treasury, USDG can be used as an interoperable building block for open-source smart contracts, enabling developers to create new use-cases, products and services with USDG.

Hylo is a decentralized stablecoin system consisting of two symbiotic tokens: hyUSD, stablecoin backed by Solana liquid staking tokens (LSTs); xSOL, a tokenized asset enabling long term leveraged exposure to SOL.

Noon is a yield–generating stablecoin protocol that ensures maximum value flows to users. 80% of deployment returns go to holders of staked stablecoins (sUSN). 10% goes to Insurance Fund—unused funds flow back to staked governance tokens (sNOON). 10% covers ops costs (and any excess flows to Insurance Fund).

Stables Labs is a next-generation stablecoin infrastructure provider focused on creating a decentralized and bankless ecosystem for stablecoin issuance. USDX(usdx.money) is a synthetic USD stablecoin built for the crypto ecosystem.

USDD is a decentralized, overcollateralized stablecoin pegged 1:1 to the US dollar. It boasts excellent stability and transparency, and is committed to driving the cryptocurrency ecosystem towards greater security, decentralization, and stability. USDD is compatible with various decentralized finance (DeFi) platforms, providing users with reliable and transparent asset options.

Sperax is a yield-bearing crypto-collateralized algorithmic stablecoin protocol on the Arbitrum network. USD holders benefit from native auto-yield, meaning that they automatically earn yield without having to stake or claim. The yield is generated organically from the collateral deployed on external DeFi protocols, such as Curve Finance.

USD.ai develops a yield-bearing synthetic flatcoin backed by compute resources, AI hardware, and network nodes. It finances decentralized infrastructure assets like GPUs and cell towers to address liquidity gaps. The platform uses $USDAI token for transactions, offering yield through asset-backed stability.

Abracadabra is a cross-chain stablecoin lending protocol that allows users to provide collateral in the form of various interest-bearing crypto assets, such as yvYFI, yvUSDC, xSUSHI, and more. With Abracadabra, users can use the interest-bearing tokens they get from staking in vaults as collateral to mint Magic Internet Money (MIM), Abracadabra's USD-pegged stablecoin, and use it for other purposes.

Unitas is a yield generation layer built to produce sustainable, market-neutral returns across multiple asset classes. Its products include yield-bearing stablecoins, yield-generating Bitcoin, and yield-backed gold, all powered by a transparent and risk-managed execution framework. The system is designed to serve as a unified yield and settlement infrastructure for on-chain liquidity, payments, and institutional integration.