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.

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.

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

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.

Yuzu Money is a decentralized yield protocol that integrates carefully curated high-yield strategies (such as leveraged loops) into a single stablecoin, yzUSD, and provides institutional-grade protection, allowing users to enjoy DeFi returns without self-management.

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.

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.

Solomon is a stablecoin protocol on Solana, designed to offer a composable, non-rebasing dollar that generates yield for holders. Solomon features two tokens: USDv, the core stablecoin pegged to $1 via arbitrage, and sUSDv, a staked version of USDv that accrues yield, with an exchange rate that increasingly favors sUSDv over time.

USDD is a decentralized stablecoin issued by TRON DAO Reserve. It maintains a 1:1 peg to the US dollar through over-collateralization with crypto assets like BTC, USDT, USDC, and TRX. The project uses smart contracts for issuance and redemption, enabling transactions and staking.

Zephyr Protocol is an untraceable over-collateralized stablecoin protocol. Bridging the gap between privacy and stability, Zephyr leverages the proven mechanics of the Djed Protocol while encapsulating the robust privacy features inherent to Monero. It utilizes a triple asset model consisting of ZEPH, ZephUSD, and ZephRSV. ZEPH is the native currency of the network, ZephUSD is the stablecoin pegged to the value of the USD, and ZephRSV acts as a reserve token for reserve providers.

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.

USDT0 is a stablecoin built using LayerZero's OFT Standard for deployments and asset transfers to new chains. USDT0 tokens can be redeemed by unlocking the corresponding USDT on Ethereum, from any supported chain, which always maintains a strict 1:1 backing.

BTU is a native decentralized stablecoin on BTC. BTU allows users to provide proof of their BTC balance without needing to move or transfer their Bitcoin.

Stable Jack offers yield-based stablecoins, volatility AVAX tokens, and stable swap products. Yield-based stablecoins emphasize capital efficiency, no liquidation risk, and no centralization risk. Volatility AVAX tokens provide DeFi composability without paying funding fees or liquidation risk. Stable swaps facilitate unilateral liquidity provision.

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

MNEE is a USD-denominated stablecoin issued by MNEE Limited, designed to provide institutions, platforms, and developers with transparent reserves, cross-chain interoperability, and programmable financial functionalities. MNEE Limited is a licensed entity headquartered in Antigua and Barbuda.

Saturn Labs is a stablecoin yield protocol that aims to build a 10% + yield stablecoin powered by MicroStrategy's STRC, a transparent and institutionally trusted Bitcoin credit instrument.

KRWQ is an onchain Korean Won stablecoin project targeting 1 KRW value, offering transparent reserves, instant settlement.

Vend is building the infrastructure to bring unmanned businesses on-chain — enabling anyone to fund, own, and earn from real-world machines like laundromats, vending systems, and kiosks. With its flagship digital dollar vndUSD users can spend, stake, and earn yield, turning everyday payments into sticky rewards, real ownership, and passive income.

Standard Money is an algorithmic stablecoin developer whose product is USDsd, an algorithmic stablecoin built on the BNB Chain.

USX is a fully collateralized neodollar built by Scroll that combines TradFi and DeFi to deliver stable rewards. Unlike other stablecoins, USX will be private, gasless, and spendable in real life, possible only through Cloak (Scroll's privacy layer), chain-level customizations, and payment partners.

Native Markets is developing the USDH stablecoin for Hyperliquid.

USA₮ is a USD-backed stablecoin developed by Tether, designed for the internet age, allowing for instant spending, transfers, and receipts.

OneStable is a stablecoin issuance layer that supports one-click omnichain stablecoin minting and is jointly built by Enso, LayerZero and Stargate.

Mustang is a decentralized stablecoin protocol based on Saga and a fork of Liquity V2. It supports borrowing native stablecoins such as ETH, BTC, and SAGA at low fees.

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.

EqualHub is a decentralized stablecoin trading protocol that focuses on providing an efficient, fast and secure on-chain trading environment for stablecoins.

Hive is a Monad-based DeFi project focused on developing a stablecoin based on the Monad ecosystem.