What are the stablecoins with income? Five top earnings stablecoins 2025 summary
Jul 16, 2025 am 08:00 AMFive mainstream earning stablecoins include DAI, USDe, sDAI, fUSDC and stUSDT. 1. DAI provides users with floating returns through Dai savings rate (DSR), and funds come from stable fees and liquidation fines paid by borrowers; 2. USDe earns high returns through ETH long and short positions hedging funds and Ethereum pledge rewards, but there is a risk of turning negative funds; 3. sDAI is a "tokenized DSR" issued by Spark protocol, which continues to accumulate DSR returns while maintaining liquidity; 4. fUSDC is issued by Flux Finance, and the income comes from interest provided by over-collateralized loans to institutional counterparties; 5. stUSDT is based on real-world asset investment, and users obtain returns by pledging USDT, and the underlying funds are mainly invested in traditional assets such as high-quality bonds. These stablecoins provide diversified returns, but are selected to comprehensively evaluate their mechanisms, risks and sustainability.
Top stablecoin secure trading platform
- Binance:
- OK:
- Huobi:
- Gate.io:
Five top earnings stablecoins
1. DAI (via DSR)
DAI is a decentralized stablecoin issued by the MakerDAO protocol. Its income mainly comes from Dai Savings Rate (DSR). Users can start earning floating income by simply depositing the DAI into the DSR contract. The funds for this income come from the stable fees paid by the borrower and the agreement liquidation fine, which is a relatively native and transparent on-chain income model.
2. USDe (Ethena)
USDe is an innovative "synthetic dollar" launched by Ethena Labs. Its high returns come from two aspects: one is to hedge the same amount of long spot positions and short perpetual contract positions to earn capital rates; the other is to obtain rewards from the consensus layer and execution layer from the pledged Ethereum. This mechanism makes its yield attractive, but it is also accompanied by specific risks such as the capital rate turning to negative values.
3. sDAI (Spark protocol)
sDAI is the full name of Savings DAI, which can be understood as "tokenized DSR". When a user deposits DAI into Spark Protocol, sDAI is received as credentials. The value of sDAI will continue to grow as DSR returns accumulate. The biggest advantage of holding sDAI is that it is a highly liquid interest-bearing token, and users can use sDAI in other decentralized financial applications while continuing to earn the underlying DAI savings.
4. fUSDC (Flux Finance)
Flux Finance is a decentralized protocol focused on institutional lending, and its operation model is similar to Compound V2. Users can deposit stablecoins such as USDC into Flux, thereby obtaining fUSDC as deposit certificate. The proceeds come from lending and lending to reviewed institutional counterparties that are over-secured. The source of returns of this model is relatively traditional and mainly depends on the interest rates in the on-chain lending market.
5. stUSDT (Staking USDT)
stUSDT is a revenue stablecoin based on real-world assets (RWA). Users obtain stUSDT by pledging USDT, and their income comes from the agreement to invest underlying funds in high-quality real-world assets, such as short-term government bonds, etc. This model introduces the returns of traditional financial markets to the chain, providing another diversified channel of returns for stablecoin holders.
Editor's summary
Stablecoins with income provide asset holders with the opportunity to achieve value while maintaining their value stability. From a mechanism perspective, there are many sources of income, including on-chain lending interest, derivative arbitrage, pledge rewards, and real-world asset investment returns. When choosing, the underlying mechanisms, risk factors and profit sustainability of each stablecoin must be carefully studied. High returns are often accompanied by higher potential risks, so it is crucial to diversify the allocation and continue to focus on project dynamics. Be sure to make prudent decisions based on a full understanding.
The above is the detailed content of What are the stablecoins with income? Five top earnings stablecoins 2025 summary. For more information, please follow other related articles on the PHP Chinese website!

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