Best USD0 yield
The top-ranked USD0 yield is 0.56% APY on Euler V2 (Ethereum, defi lending), risk grade B. Where Usual's USD0, a T-bill-backed dollar, earns the most across DeFi, ranked live with risk shown.
Live USD0 yields
Ranked by rate and risk together. Grades run from A (lowest risk) to D (highest). We may earn commissions; they never change the order. Capital is at risk. Not financial advice. How we rank
Ethereum · bUSD0 · Tokenized fund
Each Earn link opens the platform’s own page. How we stay neutral.
The top pick, in detail
Yield position
The US Treasury’s rate on Oct 1. This offer is 3.6 percentage points below it. Tokenized Treasury funds in our feed report a median of about 3.53% across 9 products. Similar yields do not imply similar risks. Fees, custody and redemption terms differ.
How the benchmark is sourcedRisk & durability
The risk behind the top USD0 rate, and the depth supporting it.
- Moderate liquidity (under $25M)+1
- Mid-size stablecoin (under $1B in circulation)+1
How this yield works. Supply the asset to an on-chain money market and earn borrower interest. Non-custodial; smart-contract risk.
The risk grade is a transparent read of incentive reliance, pool depth, peg health and prior incidents, not a guarantee. The 30-day average summarizes reported rates, not realized returns: when today’s APY sits far above it, the yield is likely incentive-driven and tends to fall back.
How each kind of USD0 yield works
- DeFi lending
Supply the asset to an on-chain money market and earn borrower interest. Non-custodial; smart-contract risk.
- Tokenized fund
A token representing shares of an off-chain fund (Treasury bills, credit or other real-world assets). The yield is the fund's return; issuer, redemption and investor-eligibility limits apply.