Ethereum DeFi Ecosystem

DeFi is the movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries. We have 211 DeFi projects listed and 170 of them built on Ethereum.

Ethereum DeFi	170
Polygon DeFi	63
BNB DeFi	43

Asset Management Tools

Ambire

Ambire Wallet is a user-friendly crypto wallet for both beginners and experienced users with a simplified UI.

Backpack

Backpack is a self-custodial wallet paired with an exchange for spot and futures trading. The wallet holds assets on Solana, Ethereum, Bitcoin, Base and Arbitrum in one interface.

Coinbase Wallet

Coinbase Wallet is a mobile crypto wallet supporting multicoin assets as well as ERC-20 tokens and ERC-721 collectibles. Coinbase Wallet also provides access to Web 3 Decentralized Applications (dApps) powered by Ethereum smart contracts.

DeBank

DeBank tracks a wallet’s positions across lending, staking, liquidity pools and stablecoins in one portfolio view, with protocol rankings and a social feed. It covers Ethereum, Base, Arbitrum, BNB Chain, Polygon and other EVM chains.

DeFi Saver

DeFi Saver is a management dashboard for decentralized finance protocols, including MakerDAO CDPs (with features such as automatic liquidation protection), as well as Compound, dYdX and Fulcrum. Interview with co-founder, Nenad Palinkašević.

Dhedge

dHEDGE is a platform for managing investment activities on the Ethereum blockchain where you can put your capital to work in different strategies based on a transparent track record. Interview with co-founder.

Family

Family is a self-custodial mobile wallet for Ethereum built around simple sending, swaps and connecting to apps. It supports Ethereum, Base, Optimism and Arbitrum.

imToken

imToken is a digital asset wallet enabling multi-chain asset management, dApp browsing and exchange of value. Interview with imToken.

InstaDApp

Instadapp is a platform providing users and developers with a single point of integration to access all the DeFi protocols

Ledger

Ledger makes hardware wallets that keep private keys on a secure element, paired with the Ledger Live app for holding, staking and swapping. It supports Bitcoin, Ethereum, Solana, Polygon, Arbitrum and Base.

MetaMask

MetaMask is a browser extension that allows users to run Ethereum dApps and interacting with smart contracts. MetaMask Alternatives

Rabby Wallet

Rabby Wallet is a Web3 wallet that offers a smooth multi-chain experience by automatically switching to the corresponding chain based on your visited Web3 dApp.

Rainbow

Rainbow is a fun, simple, and secure Ethereum wallet that makes managing your assets a joy.

Safe

Gnosis Safe is a smart contract-based wallet enables users to manage their funds and interact with decentralized applications on Ethereum. Interview with the Gnosis Safe Team.

TokenPocket

TokenPocket is a multi-chain cryptocurrency wallet on both mobile and desktop with built in dApp browsers.

Trust Wallet

Multi cryptocurrency wallet to store your favorite BEP2, ERC20 and ERC721, tokens.

Uniswap Wallet

Uniswap Wallet is a self-custodial mobile and browser wallet that routes swaps through the Uniswap protocol. It supports Ethereum, Base, Arbitrum, Optimism and Polygon.

Zapper

Zapper is a system focused on abstracting away the complexities of composing and accessing the most innovative opportunities in open finance. Interview with the team.

ZenGo

ZenGo is a bitcoin and cryptocurrency wallet with native UI integrations with DeFi lending protocols and staking providers. Interview with Ouriel Ohayon, CEO, and co-founder of ZenGo.

Zerion

Zerion is an investment interface for decentralized finance, providing users with a single place to manage their entire DeFi portfolio in a non-custodial way. Interview with Zerion co-founder.

Derivatives

Aevo

Aevo is a decentralized derivatives exchange, focused on options. The exchange runs on a custom EVM roll-up that rolls up to Ethereum. Aevo operates an off-chain orderbook with on-chain settlements.

ApeX Protocol

ApeX Protocol is a perpetual futures exchange with an order book and self-custody of margin, running across Ethereum, Arbitrum, Base and BNB Chain.

Aster

Aster is a next-generation decentralized perpetual exchange offering multi-chain, liquid, and secure trading. Trade perpetuals across multiple chains with deep liquidity aggregation, hidden orders, and zero price impact trades.

dYdX

dYdX is a trading platform for crypto assets, built with open-source protocols, enabling decentralized margin trading. dYdX - Decentralized Platform for Advanced Financial Products, interview with Antonio Juliano

edgeX

edgeX is a perpetual futures exchange with an off-chain matching engine and on-chain settlement secured by Ethereum, offering cross-margin accounts and a public API.

Extended

Extended is a perpetual futures exchange on Starknet, a zk rollup secured by Ethereum, with one margin account across crypto and tokenized traditional markets.

Hegic

Hegic is on-chain options trading protocol, allowing you to buy ETH call and put options as an individual holder (buyer) or sell ETH call and put options as a liquidity provider.

Lighter

Lighter is a perpetual futures exchange with an order book matched off chain and proved with zero-knowledge circuits, settling to Ethereum.

Paradex

Paradex is a perpetual and options exchange running on its own Starknet appchain secured by Ethereum, with a cross-margin account and an order book.

Synthetix

Synthetix platform enables creation of the on-chain synthetic assets that tracks value of assets in real world. Interview with Kain Warwick, founder of Synthetix.

Yield Aggregators on Ethereum

Beefy Finance

Beefy Finance is a Multi Chain Yield Optimizer that enables users to get maximal return on their assets while removing the cost and hassle of daily harvest.

Cian

Cian automates leveraged staking and lending strategies inside vaults, rebalancing the positions as rates move. It runs on Ethereum, Mantle, Arbitrum, Optimism and Base.

Concrete

Concrete runs yield vaults that route deposits into lending and yield trading venues such as Morpho, Euler and Pendle. It operates on Ethereum, Arbitrum and Berachain.

Convex Finance

Convex Finance let you deposit your Curve LP tokens to earn Curve trading fees, boosted CRV and CVX tokens. Boost is pooled from CRV stakers so you do not need to worry about locking yourself.

Ethena

Ethena issues $USDe, a synthetic dollar backed by staked $ETH and $BTC hedged with short perpetual positions, and pays the funding carry to $sUSDe holders. It runs on Ethereum with bridges to Solana, Arbitrum and Base.

Lagoon

Lagoon provides asynchronous vaults with built-in fee logic and reporting so curators can run tokenized strategies. It runs on Ethereum, Arbitrum, Base, Avalanche and Hyperliquid.

Mellow

Mellow provides modular vault contracts that curators configure with their own strategy and risk limits, including restaking allocations. It runs on Ethereum, Monad and Polygon.

Pendle

Pendle is a yield tokenization protocol that splits yield-bearing assets into separate principal and yield tokens, enabling users to trade future yield, lock in fixed rates, or speculate on yield movements.

PoolTogether

PoolTogether is a no-loss, audited savings game powered by blockchain technology. Interview with PoolTogether co-founder.

Spark

Spark is the Sky ecosystem lending market and savings layer, lending $USDS and $DAI against major collateral and paying the Sky Savings Rate. It runs on Ethereum, Base, Arbitrum and Gnosis.

Stake DAO

Stake DAO is a non-custodial platform that enables anyone to easily grow their crypto portfolio. It is built on top of decentralized blockchain protocols, offering a seamless way for people to grow, track, and control assets right from their wallet.

Superform

Superform is a self-custodial app for earning yield on dollars and holding tokenized United States stocks, built on the Superform vault protocol. It covers Ethereum, Base, Arbitrum, Optimism, Polygon, Avalanche and BNB Chain.

Upshift

Upshift lets fintechs and asset managers launch DeFi vaults with defined deposit assets and risk parameters, while professional managers run the strategies. It operates on Ethereum, Monad and Stellar.

Veda

Veda builds the BoringVault standard that exchanges and wallets embed to offer yield products, with whitelists and deposit permissions per vault. It runs on Ethereum, Optimism, Hyperliquid and Plasma.

Yearn.finance

Yearn.Finance automates yield-maximizing profit switching opportunities for liquidity providers and yield farmers.

Decentralized exchanges on Ethereum

1inch.exchange

1inch.exchange split the order to several decentralized exchanges like UniswapExchange, KyberNetwork, Bancor and RadarRelay to avoid high price slippage. Interview with 1inch CTO. 1inch alternatives.

Balancer

Balancer Exchange allow you to swap ERC20 tokens trustlessly across all Balancer’s liquidity pools.

CowSwap

CowSwap is a trading interface built on top of Gnosis Protocol v2. It allows you to buy and sell tokens using gas-less orders that are settled peer-to-peer among its users or into any on-chain liquidity source while providing MEV protection.

Curve

Curve is an exchange liquidity pool on Ethereum designed for extremely efficient stablecoin trading. Interview with Curve Finance founder.

Fluid

Fluid combines a lending market and a DEX in one liquidity layer, so collateral and debt positions also earn trading fees. It runs on Ethereum, Arbitrum, Base, Polygon and Plasma.

Matcha

Matcha is a crypto trading platform with smart order routing powered by 0x. Matcha aggregates liquidity from multiple sources, including 0x, Kyber, Uniswap, Oasis, Curve, and others. Matcha Alternatives

OpenSea

OpenSea is a peer to peer marketplace for crypto collectibles. Interview with OpenSean co-founder Devin Finzer.

SushiSwap

The SushiSwap exchange allows users to swap any ERC20 token into any other ERC20 token through automated liquidity pools

Uniswap

Uniswap is an automated fully decentralized token exchange on Ethereum. Uniswap Explained - In-Depth DeFi Guide. Uniswap Alternatives.

Velora

Velora(ex-Paraswap) is a decentralized exchange aggregator that provides the best prices over multiple DEXs on the Ethereum, and many others EVM blockchains. Interview with ParaSwap CEO and founder, Mounir Benchemled.

DeFi Infrastructure & Dev Tooling

0x

0x Protocol is free, open-source infrastructure that developers and businesses utilize to build products that enable the purchasing and trading of crypto tokens. Interview with the 0x Core Team.

Across

Across is a bridge where relayers front the destination funds and are repaid from a shared pool after an optimistic verification. It connects Ethereum, Arbitrum, Base, Optimism, Polygon, zkSync, Linea and Scroll.

Alchemy

Alchemy is an infrastructure provider for web3 developers interacting with Ethereum blockchain.

Aragon

Aragon allows you to create global, bureaucracy-free companies and freely organize and collaborate without borders or intermediaries.

Chainlink

Chainlink is a decentralized oracle that can provide external data to smart contracts. Interview with Adelyn Zhou

Civic

Secure blockchain identity toolbox and ecosystem.

Envio

Envio is an indexing framework that turns contract events into a queryable GraphQL API, with local development and hosted deployment. It supports Ethereum, Base, Arbitrum, Optimism, Polygon and Monad.

Infura

Infura provides hosted RPC endpoints and archive access so applications can read and write to chains without running nodes. It serves Ethereum, Polygon, Arbitrum, Optimism, Base and Linea.

LayerZero

LayerZero is an omnichain interoperability protocol enabling secure cross-chain messaging, token transfers, and data movement across 70+ blockchains through immutable, censorship-resistant infrastructure.

Privy

Privy provisions embedded wallets from an email or social login, splitting key shares so the app never holds a full key. It supports Ethereum, Solana, Base and Polygon.

Pyth Network

Pyth Network is a decentralized oracle delivering real-time price feeds from 128+ first-party data publishers across 2,800+ feeds on 100+ blockchains, serving 520+ DeFi applications.

QuikNode

QuikNode is a RPC node service provider with APIs & dedicated nodes available.

RedStone

RedStone is an oracle that delivers price feeds on demand, with signed data pulled into a transaction or pushed on chain. It serves Ethereum, Base, Arbitrum, Berachain, Monad and Hyperliquid.

Snapshot

Snapshot is a off-chain, gasless, multi-governance community polling dashboard

Tally

Tally is a voting dashboard, aggregating data from defi protocols’ governance and providing it in real-time for research and analysis. Interview with co-founder.

Tenderly

Tenderly is a development platform for simulating transactions, debugging reverts and forking chain state, with RPC nodes and alerting. It covers Ethereum, Base, Arbitrum, Optimism and Polygon.

The Graph

The Graph is a decentralized protocol for indexing and querying data from blockchains. Interview with The Graph Co-Founder Yaniv Tal

Turnkey

Turnkey is a key management API that holds private keys in secure enclaves and signs under policies set by the developer. It supports Ethereum, Solana, Bitcoin and Base.

Uma

UMA is a decentralized financial contracts platform built to enable Universal Market Access. Interview with co-founder of UMA, Allison Lu.

WalletConnect

WalletConnect is an open protocol for connecting desktop Dapps to mobile Wallets using end-to-end encryption by scanning a QR code.

Wormhole

Wormhole is a messaging layer that moves tokens and arbitrary data between chains, with guardians attesting to source-chain events. It connects Ethereum, Solana, Sui, Aptos, Base, Arbitrum and BNB Chain.

Decentralized Insurance Platforms

Block Analitica

Block Analitica builds risk dashboards for lending protocols and curates vaults on Morpho using its own collateral models. It covers Ethereum and Base.

Blockaid

Blockaid screens transactions and dapp connections inside wallets, flagging drainers and malicious approvals before a signature is given. It covers Ethereum, Solana, Base and Arbitrum.

Chaos Labs

Chaos Labs runs parameter simulations and risk monitoring for lending protocols and perpetual venues, and operates the Edge oracle network. It covers Ethereum, Arbitrum, Base and Solana.

Cork Protocol

Cork Protocol prices depeg risk on Ethereum by splitting a pegged asset into a redemption claim and a cover token that pays out if the peg breaks.

Gauntlet

Gauntlet simulates market stress to set risk parameters for lending protocols and curates its own vaults on Morpho and Aave. It covers Ethereum, Base and BNB Chain.

Hypernative

Hypernative watches contracts and wallets for attack patterns and fires alerts or automated responses before funds move. It covers Ethereum, Arbitrum, Base, Solana and Polygon.

Immunefi

Immunefi hosts bug bounty programs where researchers report vulnerabilities to protocols and are paid on a severity scale. It covers Ethereum, Solana, Polygon and BNB Chain.

K3 Capital

K3 Capital curates lending and fixed-rate vaults across Euler, Morpho, Term and Pendle, picking collateral and caps for each market. It covers Ethereum, Monad, Optimism, Plasma and Arbitrum.

MEV Capital

MEV Capital curates yield and lending vaults, choosing the collateral, caps and oracles for each market it runs. It covers Ethereum, Base and Arbitrum.

Nexus Mutual

Secure risk and potential bugs in smart contract code. Be covered for events like The DAO hack or Parity multi-sig wallet issues. Interview with Hugh Karp, founder of Nexus Mutual.

Re7 Labs

Re7 Labs curates lending vaults and manages their collateral and exposure limits across Morpho, Euler and other markets. It covers Ethereum, Avalanche, Plasma and BNB Chain.

Sentora

Sentora curates DeFi strategies and runs the risk models behind them, combining allocation design with monitoring for vault depositors. It covers Ethereum, Solana and Tempo.

Sherlock

Sherlock runs audit contests and bug bounties for Ethereum protocols, paying researchers from a staked pool that also backs its coverage product.

Steakhouse Financial

Steakhouse Financial curates lending vaults on Morpho, Euler and similar venues, setting collateral, caps and oracle choices for depositors. It works across Ethereum, Base, Solana and Monad.

Asset Tokenization

Backed

Backed is creating on-chain infrastructure for capital markets, including composable tokenized securities that track the value of real-world assets such as bonds, stocks, or ETFs.

BlackRock BUIDL

BlackRock’s tokenized money market fund holds treasury bills, repo and cash, with Securitize acting as transfer agent. The $BUIDL token runs on Ethereum, Solana, Aptos, Avalanche, Arbitrum, Optimism and Polygon.

Centrifuge

Open, decentralized platform to connect the global financial supply chain. Intreview with Philip Stehlik, co-founder and CTO of Centrifuge.

Circle USYC

Circle issues $USYC, a tokenized treasury fund acquired with Hashnote that holds short-term government debt and repo agreements. It runs on Ethereum and BNB Chain.

Dinari

Dinari issues dShares, tokens backed by United States listed stocks and ETFs held with a registered broker dealer. They run on Ethereum, Arbitrum and Base.

Franklin Templeton Benji

Franklin Templeton Benji is the access point for the firm’s tokenized money market funds, with share ownership recorded on chain. The tokens run on Stellar, Ethereum, Polygon, Arbitrum, Base, Avalanche and Solana.

Huma Finance

Huma Finance funds cross-border payment and trade receivables with liquidity supplied by lenders, who earn yield from settlement fees. It runs on Solana, Ethereum and Stellar.

Maple

Maple runs institutional credit pools that lend against tokenized collateral and issues $syrupUSDC for passive lenders. It runs on Ethereum and Solana.

Matrixdock

Matrixdock is a digital assets platform that provides institutional and accredited investors with transparent access to tokenized real-world assets (RWA) with an immutable record of ownership, daily Proof-of-Reserve and full bankruptcy remoteness.

Midas

Midas issues tokenized certificates tracking treasury bills and managed crypto strategies, each with a named risk manager and a public mint and redeem flow. It runs on Ethereum, Arbitrum, Solana and Hyperliquid.

Ondo

Ondo is creating secure, onchain financial products like tokenized notes such as USDY. It is backed by short-term US Treasuries and bank demand deposits.

Openeden

The Openeden TBILL Vault provides investors with direct exposure to a pool of short-dated T-Bills through the Vault’s TBILL token, which is backed 1:1 by the T-Bills as well as USDC and U.S. Dollar reserves.

Paxos Gold

Paxos Gold is the $PAXG token, and each unit is a claim on an ounce of London Good Delivery gold held by Paxos in custody. It runs on Ethereum.

Plume

Plume is a network for real-world asset issuance that bundles tokenization, compliance checks and transfer agent tooling for issuers, and it settles to Ethereum.

Securitize

The compliance platform for digitizing securities on the blockchain.

Spiko

Spiko runs regulated money market funds whose shares are issued as tokens, giving European businesses access to government bill yield. The tokens run on Ethereum, Arbitrum, Polygon, Base and Stellar.

Superstate

Superstate issues tokenized funds holding short-term treasuries and crypto basis positions, and its Opening Bell service brings registered company shares on chain. The tokens run on Ethereum and Solana.

Tether Gold

Tether Gold is the $XAUT token, and each unit represents an allocated share of physical gold held in a Swiss vault with the bar identifiers published. It runs on Ethereum.

WisdomTree Prime

WisdomTree Prime is a consumer app from the asset manager WisdomTree that holds tokenized money market and equity index funds registered in the United States. The share tokens run on Ethereum and Stellar.

Decentralized Lending on Ethereum

Aave

Aave is an Open Source and Non-Custodial protocol that let you earn interest on deposits & borrow assets on multiple chains. Aave Protocol - Innovative DeFi Lending, interview with the founder

Cap

Cap is a credit platform on Ethereum where lenders mint the $cUSD stablecoin and operators borrow the deposits to run strategies, with restaked collateral standing behind the loans.

Compound

Compound is an open-source, autonomous protocol built for developers, enable algorithmic, efficient money markets on the Ethereum.

Dolomite

Dolomite is a money market where deposited collateral keeps its staking and governance rights while it backs a loan. It runs on Arbitrum, Berachain, Ethereum and Mantle.

Euler

Euler is a non-custodial permissionless lending protocol on Ethereum that helps users to earn interest on their crypto assets or hedge against volatile markets without the need for a trusted third-party.

Fluid

Fluid combines a lending market and a DEX in one liquidity layer, so collateral and debt positions also earn trading fees. It runs on Ethereum, Arbitrum, Base, Polygon and Plasma.

Liquity

Liquity is a decentralized borrowing protocol that allows you to draw interest-free loans against Ether used as collateral. Interview with founder.

Lista DAO

Lista DAO combines a collateralized debt position engine that mints the $lisUSD stablecoin with pooled lending markets and $BNB liquid staking. It runs on BNB Chain and Ethereum.

Maple

Maple runs institutional credit pools that lend against tokenized collateral and issues $syrupUSDC for passive lenders. It runs on Ethereum and Solana.

Morpho

Morpho is a decentralized, permissionless lending protocol enabling overcollateralized loans through modular isolated markets and curated vaults across Ethereum and Base.

Silo Finance

Silo Finance puts every asset in its own isolated lending market, so a bad debt event stays inside that pair. It runs on Ethereum, Arbitrum, Sonic and Avalanche.

Sky

Sky is the protocol behind the $USDS stablecoin, where borrowers open vaults against crypto collateral and savers deposit into the Sky Savings Rate. It runs on Ethereum, Base and Arbitrum.

Spark

Spark is the Sky ecosystem lending market and savings layer, lending $USDS and $DAI against major collateral and paying the Sky Savings Rate. It runs on Ethereum, Base, Arbitrum and Gnosis.

Payments Solutions and Service Providers

BitPay

BitPay processes crypto payments for merchants with invoices, hosted checkout and settlement in fiat, and issues a prepaid card for spending balances. It supports Bitcoin, Ethereum, Polygon and Solana.

Bridge

Bridge is a stablecoin API from Stripe for converting between fiat and stablecoins, issuing stablecoins and running payouts. It settles on Ethereum, Solana, Base and Polygon.

Ether.fi Cash

Ether.fi Cash is a Visa card that spends from a self-custodial account, drawing on deposited collateral or on a borrow against it. Its accounts run on Scroll and hold assets bridged from Ethereum.

Holyheld

Holyheld is a Swiss payments account for companies, with a self-custodial Mastercard, stablecoin off-ramps and named USD and EUR accounts. It covers Ethereum, Base, Arbitrum, Optimism, Polygon and Solana.

KAST

KAST is a stablecoin account with Visa cards that spends balances held in $USDC and $USDT and pays cashback on purchases. It takes deposits on Solana, Ethereum and other major chains.

MoonPay

MoonPay is a fiat on-ramp that enables web and mobile developers to let their users purchase virtual currencies using credit card.

Rain

Rain is a card issuing API that lets companies launch stablecoin-backed cards, with spending settled from the holder’s own wallet rather than a prefunded float. It supports Ethereum, Base, Solana and Polygon.

Ramp

The protocol powering fiat to crypto exchanges

Request

Request is a decentralized network built on top of Ethereum, which allows anyone, anywhere to request, validate and execute payments. How Request Enabling Blockchain-based Invoices? Interview with Request co-founder Christophe Lassuyt.

Sphere

Sphere is a stablecoin payments platform for businesses, with on and off ramps, cross-border payouts and an embedded ramp widget. It settles on Solana, Ethereum and Base.

Superfluid

Superfluid is a novel crypto asset streaming protocol that enables transformative web3 money experiences like salary and subscription streaming, real-time investing, and more – all on-chain

Transak

Transak is a simple and compliant way for customers to buy and sell crypto assets with a bank transfer.

Prediction Markets

Kalshi

Kalshi is a regulated event contracts exchange in the United States where members trade binary outcomes on politics, sports and crypto, and can fund accounts with stablecoins on Ethereum and Solana.

Overtime

Overtime runs on-chain sports markets with automated market making and parlay support, settled from Chainlink data feeds. It operates on Base, Arbitrum, Optimism, Polygon and Ethereum.

Polymarket

Polymarket is an information markets platform, where you can bet on the highly-debated topics and earn for being right.

Stablecoins

DAI

DAI is a crypto-backed stablecoin soft-pegged to USD, built on the Ethereum and governed by the MakerDAO system.

Ethena

Falcon USD

Falcon Finance issues $USDf, a synthetic dollar minted against crypto and tokenized collateral, with a staked version that accrues yield from basis and funding trades. It runs on Ethereum.

Frax

Frax is the first fractional-algorithmic stablecoin protocol. Interview with Sam Kazemian, founder of Frax Finance

GHO

Aave issues $GHO, a stablecoin minted by borrowers against collateral supplied to Aave markets, with the borrow rate set by governance. It runs on Ethereum, Arbitrum, Base, Avalanche and Gnosis.

Global Dollar

Global Dollar is the $USDG stablecoin issued by Paxos under Singapore regulation, with reserve income shared among partners in the Global Dollar Network. It runs on Ethereum and Solana.

Ondo USDY

Ondo issues $USDY, a yield-bearing token backed by short-term treasuries and bank deposits, for holders outside the United States. It runs on Ethereum, Solana, Sui, Aptos, Arbitrum and Mantle.

Pax Dollar

USDP is a stablecoin backed 1:1 by USD, and gives customers the ability to store and send US Dollars with freedom, unrestricted by the limits of traditional banking system.

PayPal USD

PayPal USD is the $PYUSD stablecoin that Paxos issues for PayPal, backed by dollar deposits and treasuries and redeemable inside PayPal and Venmo. It circulates on Ethereum, Solana, Arbitrum and Stellar.

Ripple USD

Ripple USD is the $RLUSD stablecoin issued by Ripple against cash and short-term treasuries, aimed at payment and settlement flows. It circulates on Ethereum and the XRP Ledger.

Sky Dollar

Sky Dollar is the $USDS stablecoin minted against crypto collateral in the Sky protocol, and holders can lock it in the Sky Savings Rate. It runs on Ethereum, Base, Arbitrum and Solana.

Tether

Tether issues $USDT, a dollar stablecoin backed by reserves held off chain and redeemable with the issuer. The token circulates on Ethereum, Tron, Solana, BNB Chain, Arbitrum, Avalanche and TON.

TrueUSD

A stablecoin backed 1:1 by U.S. dollars.

USD Coin

USDC is a USD-backed stablecoin as an ERC20 token.

World Liberty USD1

World Liberty Financial issues $USD1, a dollar stablecoin backed by short-term treasuries and cash deposits held with a custodian. The token circulates on Ethereum, BNB Chain and Tron.

USDD

The USDD protocol issues $USDD, a dollar stablecoin minted against crypto collateral locked in peg stability contracts. It circulates on Tron, Ethereum and BNB Chain.

Ethena USDtb

Ethena issues $USDtb, a stablecoin backed by a tokenized money market fund and cash held with custodians, kept separate from the synthetic $USDe. It runs on Ethereum.

Usual USD0

Usual issues $USD0, a stablecoin backed by tokenized treasury bills, and a locked version that passes protocol revenue to holders. It runs on Ethereum and Arbitrum.