Best stablecoin interest rates today, updated daily

Stablecoin interest rates start at the T-bill rate in tokenized Treasury funds and climb as the money moves into lending, credit and basis trades, with each step up paid for by more credit, market or liquidity risk.

Put $100,000 of USDC into the Sky Savings Rate on 4 October 2026 and it would earn about $3,600 over a year at that day's 3.60% rate. The same $100,000 in Sentora USD, a curated stablecoin vault on Upshift, would earn about $7,160 if its trailing 30-day rate of 7.16% held for the year. The best stablecoin interest rates that day came from curated stablecoin vaults and onchain credit such as Maple. BlackRock's BUIDL fund, the Aave and Morpho lending markets and Coinbase's USDC rewards all sat between 3.6% and 4.4%.

We rebuild the next table every day from public data. Our own vaults come from the Upshift API, third-party protocols from the DefiLlama yields API, the bill rate from the US Treasury and Coinbase's rate from its own page. Upshift runs the vaults shown in bold. Every row carries its own date, rates change daily, and none of them is guaranteed.

Stablecoin interest rates today

Table rebuilt 4 Oct 2026. Rows in bold are Upshift vaults with more than $100,000 deposited; their APY is the 30-day change in the vault share price, annualised without compounding, and can differ from the compounded figure shown in the Upshift app. Rates are variable, past rates don't predict future ones, and no rate here is guaranteed.

Rows are grouped by risk band and sorted by rate inside each band. The band column is our own grouping, explained in step 4, and Coinbase sits outside it because its rate is a platform reward paid from Coinbase's revenue.

Step 1: start from the 3-month T-bill rate

The 3-month US Treasury bill paid 4.11% on 2 October 2026, on a coupon-equivalent basis (US Treasury daily bill rates). Most dollar stablecoin rates are priced off that number. Circle and Tether hold most of their reserves in short-dated Treasuries and repo, and they keep that interest. The GENIUS Act, signed in July 2025, bars payment stablecoin issuers from paying interest to holders (Congressional Research Service). A holder who wants the income has to step one layer out. That means a tokenized fund, a loan to a borrower, or a platform that shares its own revenue. How the GENIUS and CLARITY Acts reshape stablecoin yield covers the rules in more detail.

Tokenized money market funds pass the bill rate through, minus the fund's fees. BlackRock's BUIDL showed 3.81% on 4 October, about 30 basis points under the bill, and only investors the issuer has approved can buy it directly. A rate well above 4.11% on a dollar stablecoin means somebody is taking a risk the Treasury doesn't. It might be a borrower who could default, a trade that could reverse, or a lockup you can't leave early. The six largest tokenized Treasury funds compares their minimums and exits.

Step 2: check how each rate is measured

Sentora USD's 7.16% is a 30-day share-price return, annualised without compounding; compounded, the same 30 days works out to about 7.4% a year. The Upshift app shows the compounded figure, and our table shows the simple one, which is why the two can differ by a few tenths. DefiLlama's base APY for Aave or Morpho is the rate the protocol paid recently, before any token rewards. It can move several points in a week when borrowing demand changes. Coinbase publishes one headline rate for eligible members and says it can vary by region. Some providers quote APR, some APY, and some quote a target that the vault hasn't earned yet (we leave targets out of the table). Before comparing two numbers, check the window, whether rewards are included and whether fees have come out; the APY to APR calculator converts between the two conventions.

A 7-day rate on a small vault can swing by double digits, and a 30-day rate smooths most of that out. What is APY in crypto walks through the arithmetic with examples.

Step 3: trace where the yield comes from

On 4 October the rates in the table were paid by five kinds of payer:

• Treasury bills. BUIDL and other tokenized funds earn interest from the US government, minus fund fees.
• Borrowers in lending markets. On Aave and Morpho, lenders earn what borrowers pay, and the rate rises as more of the pool is lent out. Most borrowers post crypto collateral valued above the loan. How DeFi lending works explains liquidations and withdrawals.
• Institutional credit. Maple lends to trading firms and other institutions, and the Upshift USDC vault lends to vetted institutional borrowers against collateral.
• Basis trades. Ethena's sUSDe earns funding paid by traders who are long perpetual futures, plus staking income on its collateral, and funding can turn negative when markets fall (how USDe works).
• Platform revenue. Coinbase pays USDC rewards out of its own revenue and describes them as rewards.

Curated stablecoin vaults combine several of these. A curator, typically a hedge fund or asset manager, splits deposits across lending markets, fixed-rate positions and tokenized credit inside limits set in advance. The vault's rate is the blend after fees. Sky's savings rate is set by Sky governance and funded by the protocol's lending and real-world asset income (what is USDS).

Step 4: place the rate in a risk band

We sort the onchain rows into three bands, using the indicative ranges from Upshift's own yield menu. Conservative holds tokenized Treasury and money market funds, which have run at roughly 3% to 4% because the rate tracks the T-bill; the main risks are the fund issuer and its redemption terms. Core holds blue-chip lending, fixed-rate positions and tokenized credit, with an indicative range of 5% to 7% and protocol, borrower and credit risk on top. Enhanced holds market-neutral and basis trades, looped positions and anything with longer withdrawal windows, aiming for 8% or more with execution and borrowing risk attached.

A product's band follows what the money does with the deposit. Sentora RWA sits in Enhanced because it loops PRIME, a Hastra token that earns interest from Figure's home equity (HELOC) loans. The vault posts PRIME as collateral on Morpho, borrows PYUSD against it and buys more PRIME, and the curator may add other RWA tokens to the loop later. sUSDe sits in Enhanced too, at under 5%, because funding rates can flip. How neobanks set tiered stablecoin yield rates shows how platforms turn these bands into a customer menu, and Upshift's risk management framework sets out the controls each vault runs under.

Step 5: check fees and how fast you can exit

Upshift vault fees come out before the share price moves, which means the Upshift rates in the table are measured after them. Network fees for deposits and withdrawals run from cents on Stellar, Monad or Base to several dollars on Ethereum mainnet when gas spikes. Some products charge for access. Coinbase's 3.75% goes only to Coinbase One members, with plans from $4.99 a month. That's about $60 a year, against $37.50 of rewards on a $1,000 balance.

Aave lets lenders withdraw any time the pool has unlent cash, and the wait grows when it's nearly fully lent. sUSDe has a 7-day unstaking period, according to DefiLlama's pool data on 4 October. Upshift processes redemption requests daily, the lag varies by vault, and many vaults also offer instant redemption for a fee when there's enough liquidity in the vault. For yield farming stablecoins with the lowest fees, pick a lending market or curated vault on a low-fee chain and hold it for months. That usually keeps more of the rate than a strategy you move in and out of every week.

How we build the table

The generator script pulls each source once a day and stamps every row with the date that source reported. Upshift rows come from the public Upshift API and include only stablecoin vaults in our active set with more than $100,000 deposited. A vault with an obvious data artifact, such as a new vault whose first month shows a one-off accrual, is left out until its 30-day figure settles. Third-party APYs come from the DefiLlama yields API, using its base rate without token rewards; we don't use DefiLlama for deposit totals. The bill rate is the Treasury's 13-week coupon equivalent. Coinbase blocks automated requests, and its row shows the rate on coinbase.com/usdc with the date we last checked it by hand. When a source fails, the row keeps its last good value and its older date.

How fintechs offer these rates to customers

Upshift is onchain yield infrastructure for fintechs and asset managers with stablecoin balances. A partner can start with 24/7 tokenized money market funds in the Conservative band. Core or Enhanced vaults go on the same integration later, through the SDK, the API or the Upshift app, and the partner takes a share of the fees. Sentora, Gamma Research and other curators run the strategies inside onchain limits, and depositors hold their vault shares in their own wallets. Tria and app.monad.xyz run their earn products on the SDK, and the contracts have been through 11 smart contract audits by 6 independent firms. How neobanks and fintechs offer stablecoin yield covers the launch steps, and vault provider due diligence lists the questions to ask any provider.

Vault rates vary and aren't guaranteed. Vaults carry smart contract, strategy, counterparty and liquidity risk, and deposits aren't insured.

Always make sure to do your own research and be aware of the above and any other risks before depositing.

Frequently asked questions

What are the best stablecoin interest rates available right now?

On 4 October 2026 the highest rates in our table were Sentora RWA at 10.12% (Enhanced band) and Sentora USD at 7.16% (Core band, both 30-day, simple), followed by earnAUSD at 6.57% and Maple syrupUSDC at 5.15%. Rates above the 4.11% T-bill rate carry credit, strategy or liquidity risk, and the table refreshes daily.

Which platforms offer the highest stablecoin interest rates?

In our 4 October table, curated vaults on Upshift, Maple's onchain credit and Ethena's sUSDe paid more than the T-bill rate, while Aave, Morpho and Sky paid between 3.6% and 4.4%. Lending market rates rise when borrowing demand spikes and fall back when it eases.

Which platforms offer yield on stablecoins?

Tokenized fund issuers (BlackRock BUIDL via Securitize, Ondo), lending protocols (Aave, Morpho, Spark), savings protocols (Sky), credit protocols (Maple), vault platforms such as Upshift and exchanges such as Coinbase all pay some form of stablecoin yield. Fintechs can also embed vaults in their own apps through an SDK.

What are the best stablecoin yield platforms?

A tokenized money market fund gives the T-bill rate with the fewest moving parts. Curated stablecoin vaults in the Core band paid about 2.5 to 3 points more than the bill on 4 October, with more moving parts and redemptions processed daily. Our guide to USDC yield compares the main USDC options one by one.

What are the stablecoin interest rate comparison platforms?

DefiLlama's yields dashboard tracks thousands of onchain pools, and vaults.fyi benchmarks vault APYs across protocols. Both show onchain rates only; CeFi rates like Coinbase's sit on each exchange's own site.

How do you go yield farming stablecoins with the lowest fees?

Use a chain where a transaction costs cents, pick a product that charges fees inside the share price instead of on every deposit, and don't move the position often. On Ethereum mainnet, balances under a few thousand dollars can lose a month of yield to gas on a single round trip when fees spike.