{"license":"CC-BY-4.0","licenseUrl":"https://creativecommons.org/licenses/by/4.0/","attribution":"ChainChoice (https://chainchoice.io)","category":"stablecoin_yield","evidenceReadAt":"2026-11-03","generatedAt":"2026-11-12","criteria":[{"id":"yieldSource","label":"What actually pays the yield","weight":30},{"id":"redemption","label":"Redemption & claim quality","weight":26},{"id":"access","label":"Access reality","weight":24},{"id":"conditions","label":"Conditions on the headline rate","weight":20}],"providers":{"sky_savings_rate":{"access":{"s":9,"q":"Certain functionalities of the Web App are subject to geographical restrictions and are unavailable in specific jurisdictions.","u":"https://docs.sky.money/legal/skybase-international/terms-of-use","d":"2026-11-03"},"yieldSource":{"s":5,"q":"The Sky Savings Rate is a variable protocol rate funded from aggregate Sky protocol surplus, and it can change over time. sUSDS is not exposure to any specific Agent, borrower, collateral pool, or asset strategy.","u":"https://sky.money","d":"2026-11-03"},"redemption":{"s":3,"q":"Skybase International does not guarantee any level of yield, return, or protocol performance.","u":"https://sky.money","d":"2026-11-03"},"conditions":{"s":10,"q":"Access the Sky Savings Rate. From the protocol that has been actively working on stablecoin infrastructure since 2017. Instant liquidity, zero fees.","u":"https://sky.money","d":"2026-11-03"}},"ondo_usdy":{"yieldSource":{"s":7,"q":"¹ APY is set monthly by Ondo in accordance with the USDY governing documents.","u":"https://ondo.finance/usdy","d":"2026-11-03"},"redemption":{"s":7,"q":"USDY tokens provide their holders with economic exposure to short-term US treasuries, but USDY tokens are not themselves US treasuries and do not provide their holders with rights to hold or receive any US treasuries.","u":"https://docs.ondo.finance/general-access-products/usdy/important-notes.md","d":"2026-11-03"},"access":{"s":3,"q":"Individuals located or residing in and entities organized under the laws of or with a principal place of business in, any jurisdiction listed below (**\"Prohibited Persons\"**) are prohibited from subscribing for, acquiring or redeeming USDY tokens:","u":"https://docs.ondo.finance/general-access-products/usdy/eligibility.md","d":"2026-11-03"},"conditions":{"s":6,"q":"To mint and redeem USDY on Sui, Aptos, Stellar, XRP, or Noble, please contact [support@ondo.finance](mailto:support@ondo.finance). Please note that that there is a \\$5,000 minimum for minting and redeeming on these networks.","u":"https://docs.ondo.finance/general-access-products/usdy/basics.md","d":"2026-11-03"}},"coinbase_usdc_rewards":{"access":{"s":6,"q":"Be a Coinbase One member if you are in these regions: United States, United Kingdom, Australia, Singapore, Andorra, Gibraltar, Guernsey, Isle of Man, Jersey","u":"https://help.coinbase.com/en/coinbase/coinbase-staking/rewards/usd-coin-rewards-faq","d":"2026-11-03"},"yieldSource":{"s":1,"q":"USDC Rewards is a loyalty program funded by Coinbase, designed to incentivize using Coinbase to hold USDC.","u":"https://help.coinbase.com/en/coinbase/coinbase-staking/rewards/usd-coin-rewards-faq","d":"2026-11-03"},"redemption":{"s":5,"q":"Coinbase does not have the right to use any USDC you hold in your account, and USDC balances are not considered deposit accounts. Your USDC balance is not insured by the Federal Deposit Insurance Corporation (FDIC) or the Securities Investor Protection Corporation (SIPC).","u":"https://help.coinbase.com/en/coinbase/coinbase-staking/rewards/usd-coin-rewards-faq","d":"2026-11-03"},"conditions":{"s":2,"q":"The USDC Rewards rates can vary by country, ongoing experimentation, and account type. Retail customers can view the latest rates in their Coinbase.com account.","u":"https://help.coinbase.com/en/coinbase/coinbase-staking/rewards/usd-coin-rewards-faq","d":"2026-11-03"}},"paypal_pyusd_rewards":{"access":{"s":7,"q":"PYUSD rewards are coming to more countries. To check if your country is included, log into your PayPal app, verify your identity, and see if PYUSD is available.","u":"https://www.paypal.com/us/digital-wallet/manage-money/crypto/pyusd","d":"2026-11-03"},"yieldSource":{"s":2,"q":"¹Annual reward rate as of today. Rewards rate is subject to change. | The reward rate is variable.","u":"https://www.paypal.com/us/digital-wallet/manage-money/crypto/pyusd","d":"2026-11-03"},"redemption":{"s":6,"q":"Paxos’ issuance of the stablecoin PYUSD – and its reserves – are subject to strict regulatory oversight by the Office of the Comptroller of the Currency (OCC). 1:1 redemption, readily available","u":"https://www.paxos.com/pyusd","d":"2026-11-03"},"conditions":{"s":7,"q":"Rewards are calculated using your average daily balance of PYUSD and are paid out monthly in PYUSD. The reward rate is variable. You can view pending rewards within your Crypto hub. To participate, you must: Be signed up for crypto Opt in to earn rewards Hold a minimum balance of 1 PYUSD","u":"https://www.paypal.com/us/digital-wallet/manage-money/crypto/pyusd","d":"2026-11-03"}},"nexo_earn":{"access":{"s":6,"q":"After you create your account, you need to buy or transfer crypto, opt in for interest earning via the Nexo app, and maintain an account balance above $5,000 worth of digital assets.","u":"https://nexo.com/earn-crypto","d":"2026-11-03"},"yieldSource":{"s":2,"q":"12. Earning Assets means Digital Assets you can lend to an Earn Provider in accordance with these Terms and the relevant Exhibit.","u":"https://nexo.com/terms?id=terms-of-service-mica","d":"2026-11-03"},"redemption":{"s":2,"q":"Through the Opt-in, you expressly and irrevocably waive, to the fullest extent permitted by law: (i) any right to claim priority, preference, or secured status in the event of the Earn Provider’s insolvency, and (ii) any right to seek equitable relief inconsistent with the Client’s status as an…","u":"https://nexo.com/terms?id=terms-of-service-mica","d":"2026-11-03"},"conditions":{"s":1,"q":"On Nexo, you can unlock higher interest rates by: Maintaining a portfolio balance above $5,000. Holding at least 10% of your portfolio in NEXO Tokens to reach the Platinum Tier. Choosing to earn interest in NEXO Tokens for up to 2% extra. Locking funds in Fixed-Term Savings for better yields.","u":"https://nexo.com/earn-crypto","d":"2026-11-03"}},"ethena_susde":{"yieldSource":{"s":3,"q":"While protocol generated revenue should remain fairly stable unless there is a slashing event, the funding and basis spread income from delta hedging derivatives will vary considerably (even day to day).","u":"https://docs.ethena.fi/technical-design/staking-usde.md","d":"2026-11-03"},"redemption":{"s":2,"q":"Only whitelisted users are able to successfully interact with the API interface.","u":"https://docs.ethena.fi/api-documentation/overview.md","d":"2026-11-03"},"access":{"s":3,"q":"The acquisition of sUSDe is not offered to persons with their habitual residence or registered office in the European Union or the European Economic Area.","u":"https://docs.ethena.fi/resources/terms-of-service.md","d":"2026-11-03"},"conditions":{"s":7,"q":"There is no minimum staking period.","u":"https://docs.ethena.fi/technical-design/staking-usde.md","d":"2026-11-03"}},"blackrock_buidl":{"yieldSource":{"s":8,"q":"BUIDL seeks to offer a stable value of $1 per token and pays daily accrued dividends directly to investors' wallets as new tokens each month. The Fund invests 100% of its total assets in cash, U.S. Treasury bills, and repurchase agreements","u":"https://securitize.io/learn/press/blackrock-launches-first-tokenized-fund-buidl-on-the-ethereum-network","d":"2026-11-03"},"redemption":{"s":8,"q":"Daily USD Liquidity: Enjoy same-day liquidity for redemptions, ensuring ease of access to funds.","u":"https://securitize.io/learn/blog/buidl-the-tokenized-treasury-fund-leading-the-way","d":"2026-11-03"},"access":{"s":1,"q":"The Fund will issue shares pursuant to Rule 506(c) under the Securities Act of 1933 and Section3(c)(7) of the Investment Company Act. The Fund’s initial investment minimum is $5 million.","u":"https://securitize.io/learn/press/blackrock-launches-first-tokenized-fund-buidl-on-the-ethereum-network","d":"2026-11-03"},"conditions":{"s":3,"q":"pays daily accrued dividends directly to investors' wallets as new tokens each month","u":"https://securitize.io/learn/press/blackrock-launches-first-tokenized-fund-buidl-on-the-ethereum-network","d":"2026-11-03"}},"spiko":{"yieldSource":{"s":10,"q":"Invests exclusively in U.S. T-Bills with maturities under 6 months","u":"https://docs.spiko.io/documentation/product_overview/tbills/spiko_MMFs","d":"2026-11-03"},"redemption":{"s":9,"q":"Daily liquidity is contractually guaranteed by the fund's prospectus.","u":"https://www.spiko.io/spiko-treasury-bills-euro","d":"2026-11-03"},"access":{"s":8,"q":"The minimum amount for subscriptions or redemptions is 1 EUR/EURC, USD/USDC, GBP, or CHF. Are Spiko funds only available to professional investors? No, Spiko funds are approved as UCITS and can therefore accept non-professional investors.","u":"https://www.spiko.io/use-cases/web3","d":"2026-11-03"},"conditions":{"s":8,"q":"Annual fees are calculated and deducted daily on a pro-rata basis. These deductions are made directly from accrued interest, ensuring that account balances and returns are always displayed net of all fees .","u":"https://docs.spiko.io/documentation/product_overview/tbills/fees","d":"2026-11-03"}}}}