Stablecoin yield evaluated across what actually pays it, redemption and claim quality, access reality, and the conditions attached to the headline rate.
SP
#1 of 8 · published ranking
Spiko (USTBL / EUTBL)
86ChainChoice Score
4199
Why it leads
Best in the pool on yield source and redemption
Cost
Not priced· No comparable price is published
No provider can pay for a position in this table. The code that computes this order cannot read which links earn us a commission, and every build proves it. Every score below rebuilds from the published criteria.Ranking 2026.08 · 4 criteria · 8 products · same inputs, same order
Personal comparison
Stablecoin Yield ranked comparison
No comparable price is published; ranking still uses verified product evidence.
Retail access from €1 where US-structured products exclude youTrade-off: The EUR fund pays euro T-bill rates — a 2.02% 30-day yield against 3.44% for the USD...
Commission: This provider pays ChainChoice nothing for this link. Disclosure
Crypto products are high risk. Check the provider is authorised where you live before you deposit.
2 more assessed and ranked below — none of them hidden for commercial reasons.
Ranking blindCommercial terms excludedDated primary sourcesCrypto products are high risk. Check the provider is authorised where you live before you deposit.
Ranked on 4 published criteria weighted 30/26/24/20, which set goal alignment — 30 of the 86 points. The rest: regional access 20, evidence depth 18, ease of use 10, institutional trust 8. Profile match is shown in breakdowns but carries no weight.
Audit
Infrastructure
Methodology
2026.09.15
published 2026-09-16
Providers tracked
980+
across 119 categories
Last verified
2026-09-14
newest dated pricing or sentiment read
Named on the roster
2 people
managing directors · 6 automated processes
Decision guide
What matters most before choosing in this category
Weighted on what actually pays the yield (30), redemption & claim quality (26), access reality (24), and conditions on the headline rate (20). The heaviest is what actually pays the yield: T-bill claim, protocol revenue, trading spread, or marketing spend — and whether it can be switched off.
What matters most before choosing in this category
Weighted on what actually pays the yield (30), redemption & claim quality (26), access reality (24), and conditions on the headline rate (20). The heaviest is what actually pays the yield: T-bill claim, protocol revenue, trading spread, or marketing spend — and whether it can be switched off.
Do you know what actually generates this yield — T-bills, protocol revenue, a trading spread, or marketing spend?
Do you want a claim on real Treasuries, a protocol-set rate, or a custodial rewards programme?
Can you legally hold this given your jurisdiction and investor class?
Current editor lead
Expert review and scoring weights
SP
Spiko (USTBL / EUTBL)Data checked Sep 2026
AMF-approved tokenised T-bill money-market funds — open from €1
Spiko is the regulated European answer in this category: AMF-approved money-market fund units issued as tokens, with CACEIS Bank (Crédit Agricole) as depositary so Spiko never holds client money, open to retail and businesses from €1 in every country outside a named exclusion list (which includes the United States and Bulgaria) — the retail buyer Ondo USDY and BlackRock BUIDL exclude. Yield is the underlying T-bill rate minus a 0.25% annual management fee, accrued daily with no other fees. Two honest limits: the EUR fund pays euro T-bill rates (a 2.02% 30-day yield against 3.44% for the USD fund, read 14 September 2026); and fund units are not bank deposits, so no deposit-guarantee scheme applies.
Best forRetail access from €1 where US-structured products exclude you
Main tradeoffThe EUR fund pays euro T-bill rates — a 2.02% 30-day yield against 3.44% for the USD fund
Verify before signupCheck the live in-app yield for the specific fund and currency — EUR and USD funds pay materially different rates.
Methodology
How this category is reviewed
Reviewed on what actually pays the yield, redemption & claim quality, access reality, and conditions on the headline rate.
The order on this page is the published ranking for this category. Every criterion, weight and source behind it is on the methodology page.
Frequently asked
Questions people ask before choosing stablecoin yield
What actually pays a stablecoin yield, and can it stop?
Something has to, and the honest answer differs enormously between products advertising near-identical rates. It may be interest on short-dated government debt, the spread on lending your deposit out, trading strategy returns, or token emissions the issuer is funding from its own treasury. The first pays as long as rates hold; the last stops whenever the issuer decides. It can also stop because the redemption right behind it was never contractual, or because the rate carried conditions — a promotional window, a balance cap, a tier. This page scores the source, the claim, the access and the conditions separately for exactly that reason.
Why do advertised stablecoin yields differ so much?
Because the number is the output of four different things and the page scores all of them. What actually pays the yield varies from T-bill interest to lending spreads to token emissions that can stop; the redemption right behind it varies from a contractual claim to none; access varies from open to accredited-only; and the headline rate itself usually carries conditions - a promotional window, a balance cap, or a tier you have to qualify for. A high advertised rate with an unnamed source and a capped balance is not the same product as a lower one paid from disclosed collateral, and this ranking is built to keep those apart
What matters most when choosing a stablecoin-yield?
What pays the yield and whether there is a real path back to a dollar at par. The advertised rate is the least informative number on the page, because token holdings, lockups, tiers and payout currency routinely separate it from the rate received.
Not financial advice · For informational purposes only · Always do your own research
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