Provider at a glance
- Category
- Stablecoin Yield
- Entity
- All 2 Spiko products
- Official website
- spiko.io
Independent rankingchecked How it works
Details
Scored 86 out of 100 under methodology 2026.10.18, from the evidence read on file.
Spiko (USTBL / EUTBL)
Tokenised T-bill money market funds
Stablecoin Yield
#1 Overall
Ranked #1 of 8 stablecoin yield in the published ranking
86
ChainChoice Score
The ChainChoice Score, shown against 100: published scores run from 41 to 99.- Low evidence confidence
Is Spiko (USTBL / EUTBL) right for you?
Right for you if these matter most
- Where the yield comes from10/10, the category best
- Redemption quality9/10, the category best
- Open to you8/10; the category best is 9
Look elsewhere if these come first
- Rate conditions8/10 here; the category best is 10
Not yet tested for your country. Markets it lists: Global. Restricted: United States, Vietnam.
to test where you can use it.
The rank above is the published one, the same for every reader. Find my best stablecoin yield product shows where it lands for you.
What will Spiko (USTBL / EUTBL) cost you?
Not priced on this basis
- Your stake
- $32k
- Expected gross yield
- 5%
How safe is Spiko (USTBL / EUTBL)?
- Evidence: unknown4 of 4 criteria scored; no receipt file yet. The score is provisional until a quoted source is on file.
- LicenceMiCA (EU): no register record on file here.
Alternatives to Spiko (USTBL / EUTBL)
Compare all 4- 2PayPal PYUSD Rewards19 points below · weaker on where the yield comes from (2 against 10)67
- 3Ondo USDY19 points below · weaker on open to you (3 against 8)67
- 4BlackRock BUIDL (via Securitize)22 points below · weaker on open to you (1 against 8)64
For your setup
Find out if Spiko (USTBL / EUTBL) fits you
The rank above is the published one — the same for every visitor. Answer the category's questions and this section shows where Spiko (USTBL / EUTBL) lands for you, which criteria your answers weight up, and which stated needs the record does or does not meet. The published rank stays beside it.
- A few questions
- No account required
- Ranking-blind: no commercial input
- Personalised in under 60 seconds
Find my best stablecoin yield productNothing is inferred from clicks, popularity or commercial value.
Why it leads
Why Spiko (USTBL / EUTBL) ranks #1
Each strength is read from evidence on a 0–10 ladder and weighted as the published methodology states. The 32 objective points these produce (28.4 here) sit inside the score; availability, friction, trust record and measured data add the rest. Best in this ranking on 2 of 4.
4 published criteria · Σ weight 100
CriterionWeightStrength · 0–10ScoreContrib.MedianBestRankEvidence
3010+9.604.010#1/8Loading evidence…
269+7.495.59#1/8Loading evidence…
248+6.146.09#2/8Loading evidence…
208+5.126.510#2/8Loading evidence…
Hairline = best in this ranking · tick = its median · a missing bar is "not scored", never zero
Margin+19over PayPal PYUSD Rewards, #2
RobustnessHoldsacross a one-point change to each of its 4 criterion scores, the re-run scores 86 and stays #1
Evidence4 of 4 scoredno receipt file for this category
What would move the rank
The ranking was run again with each of Spiko (USTBL / EUTBL)’s criterion scores changed on its own, as far as each ladder goes in both directions. None of those changes moves its rank.
Strengths
3 from the score dataWhere it leads
Best for readers who weight
- What actually pays the yield — 10/10, the category best
- Redemption & claim quality — 9/10, the category best
- Access reality — 8/10, category best 9/10
Tradeoffs
1 from the score dataWhere it trails
Not for readers who put first
- Conditions on the headline rate — 8/10 against a category best of 10/10
Record watch-outs
- The EUR fund pays euro T-bill rates — a 2.02% 30-day yield against 3.44% for the USD fund
- Fund units are not bank deposits; no deposit-guarantee scheme applies
- Live 30-day yields are published per fund on data.spiko.io — check the specific fund and currency
Competitive position
Where Spiko (USTBL / EUTBL) leads and where it trails
Rank on every objective dimension among the rows scored on it. A criterion in the top third of its pool is listed as a lead, the bottom third as a trail; the middle is neither. Popularity, size and commercial terms are not dimensions.
Availability#1 / 820.0 of 20 · constant here
Published criteria#1 / 821.3 of 30 · pool best
Friction#2 / 82.7 of 10 · best 7.3
Trust record#1 / 86.4 of 8 · pool best
Measured data#1 / 88.3 of 18 · constant here
Where Spiko (USTBL / EUTBL) leads
- What actually pays the yield#1 / 8
- Redemption & claim quality#1 / 8
- Access reality#2 / 8
- Conditions on the headline rate#2 / 8
Where it trailsNo criterion in the bottom third of its pool.
Closest alternatives
The 3 nearest rows by score
Nearest by published score in either direction. Each card states the criteria on which the two rows differ and the cost difference under the same scenario inputs; the compare arithmetic below shows why the higher one ranks higher.
PayPal PYUSD Rewards#2 of 8 · score 67 · 19.0 points behind
Spiko (USTBL / EUTBL) leads on
- What actually pays the yield10 vs 2
- Redemption & claim quality9 vs 6
- Access reality8 vs 7
PayPal PYUSD Rewards leads onNo scored criterion
Largest single reason Spiko (USTBL / EUTBL) is ahead: published criteria (+22.6 display points).Scenario cost: PayPal PYUSD Rewards has no verified pricing for this scenario.
Ondo USDY#3 of 8 · score 67 · 19.0 points behind
Spiko (USTBL / EUTBL) leads on
- What actually pays the yield10 vs 8
- Redemption & claim quality9 vs 7
- Access reality8 vs 3
Ondo USDY leads onNo scored criterion
Largest single reason Spiko (USTBL / EUTBL) is ahead: published criteria (+17.2 display points).Scenario cost: Ondo USDY has no verified pricing for this scenario.
BlackRock BUIDL (via Securitize)#4 of 8 · score 64 · 22.0 points behind
Spiko (USTBL / EUTBL) leads on
- What actually pays the yield10 vs 8
- Redemption & claim quality9 vs 8
- Access reality8 vs 1
BlackRock BUIDL (via Securitize) leads onNo scored criterion
Largest single reason Spiko (USTBL / EUTBL) is ahead: published criteria (+22.1 display points).Scenario cost: BlackRock BUIDL (via Securitize) has no verified pricing for this scenario.
Against #2
86 vs 67 · gap 19.0Why Spiko (USTBL / EUTBL) ranks above PayPal PYUSD Rewards
DimensionThisPayPal PYUSD RewardsGap share
Availability · 23% weight · constant here20.020.0same
Published criteria · 35% weight21.312.6+22.6, better
Friction · 12% weight2.77.3−12.0, worse
Trust record · 9% weight6.43.2+8.3, better
Measured data · 21% weight · constant here8.38.3same
Published criterionThisPayPal PYUSD RewardsPoints
What actually pays the yield · w30102+7.68, better
Redemption & claim quality · w2696+2.50, better
Access reality · w2487+0.77, better
Conditions on the headline rate · w2087+0.64, better
Net8667+19.0
Your scenario
Spiko (USTBL / EUTBL) is not priced for this scenario
The operator's cut of the rewards your stake earns — not a fee on the stake itself. Gross yield is your assumption, not ours. Change an input and every figure recomputes from the published rate; the published rank does not move.
commission/yr · default scenario — set your own
Your stake · your input$32k
Expected gross yield · your input5%
Rate read from the provider’s published pricing ↗ on 14 September 2026.
commission/yrCost is stated as commission/yr in USD; it is never a yield, never annualised, and it does not enter the score.
Not priced on this basis
Under the default inputs · USDCategory medianNot priced0 of 8 rows priced
Cheapest pricedNone pricedDifference not stated · availability not applied — set your country to filter
8 of 8 rows in this ranking have no verified rate for this scenario and are absent from the median, not counted as free.
Evidence
No evidence reading date recorded
One row per published criterion: the page each strength was read from, its source type by domain, the reading date and whether the file and the published table agree. Open a row for the quote and the receipt.
4 of 4 cells scored
Score evidenceUnknownno observation on file
No structured observation on file for this category; the strengths are the catalog’s published values.Public receiptsReading…category publishes no receipt file
The receipt file has not been read yet.Evidence confidenceNot yet ratedcoverage and corroboration, never freshness
No structured observation on file for this category; the receipt count is not counted.RobustnessHoldsrank #1 across every one-point re-run
Whether the position holds when one criterion score is changed by one point and the ranking is run again. It is always a re-run of the ranking, never an estimate.No structured observation is on file for this provider in this category; the strengths are the catalog’s published values.
8 listed rows in this category still await an evidence read and sit outside the scored pool.
Reading the evidence ledger…
CriterionSourceTypeReadFreshnessStatusReceipt
What actually pays the yieldstrength 10 · weight 30Report an error——
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Redemption & claim qualitystrength 9 · weight 26Report an error——
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Access realitystrength 8 · weight 24Report an error——
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Conditions on the headline ratestrength 8 · weight 20Report an error——
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.How you can lose money here, and what the ranking scores
- Insolvency failure (Spiko (USTBL / EUTBL) 10/10): the firm or issuer that owes you cannot pay.Scored by What actually pays the yield · 30%
- Regulatory failure (Spiko (USTBL / EUTBL) 8/10): no licence where you are, or a forced market exit.Scored by Access reality · 24%
- Exit failure (Spiko (USTBL / EUTBL) 9/10): you cannot get out at par, on time, or with what is yours.Scored by Redemption & claim quality · 26%
Not assessed by this ranking: Contract failure, Control failure, Liveness failure, Custody failure, Execution failure, Information failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Conditions on the headline rate (20%).
Facts
facts, not scoresWhat the record publishes
- Pricing
- Yield is the underlying T-bill return minus a 0.25% annual management fee, deducted daily from accrued interest; deposits and withdrawals carry no charge (docs.spiko.io fee structure). Spiko's official dashboard (data.spiko.io, read 14 September 2026) shows 30-day net yields of 2.02% for EU T-Bills (EUTBL), 3.44% for US T-Bills (USTBL) and 3.44% for UK T-Bills (UKTBL). The EUR fund pays materially less than the USD fund.Spiko official fund page (0.25% management fee) ↗ · 14 September 2026
- Prices published in
- USDSpiko official fund page (0.25% management fee) ↗ · 14 September 2026
- Licences held
- Not published
- Compliance level
- partial
- Regulatory note
- Not published
- Supported chains
- Ethereum, other EVM chains
- Markets served
- global
- Primary markets
- Global stablecoin holders
- Restricted markets
- United States, Vietnam
- Operating limits
- Retail and businesses from a 1-unit minimum under French AMF UCITS approval; units are fund shares, not deposits.
- Availability note
- Retail and businesses accepted from a 1-unit minimum (money-market UCITS approved by the French AMF). Spiko onboards clients from all countries except a named list that includes the United States, Bulgaria, Monaco, Russia, Belarus, Ukraine, South Africa, Nigeria, Kenya, Vietnam, Iran and North Korea. EUR, USD and GBP T-bill funds are available.
Legal entity on file: Spiko, placed in 2 products. Only confirmed entities are shown; nothing is inferred from the brand name.
If something goes wrong with Spiko (USTBL / EUTBL): where to complain, and where to report a scam
Loading the routes for your country.
How this page is reviewed
Reviewed means this product in this category was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.
Accountable for this review: Mathias Siemonsmeier, Founder.
How we review · Review calendar · Corrections log · How we make money
History
What the record carries
Changes to published ranks are recorded in a ledger; every step and its cause is listed on the rank-history page. The entries below begin with the current verified snapshot, then the methodology versions whose changes applied to this category, newest first.
12 methodology entries
- currentCurrent verified snapshot · methodology 2026.10.18Score 86, #1 of 8. 4 of 4 criteria scored. History starts here; earlier values are not interpolated.
- 10 October 2026
2026.10.8When nothing serves your country, the list shown for reference is the published ranking · platform-wide- fixed The reference list shown when nothing serves your country is the published order with the published scores, and a build check now fails any such list out of that order or with a score the ranking does not publish.
- fixed The explorer prints an overall rank only for a row the published ranking holds; a country entrant such as Coinbase Commerce for US merchants shows no overall rank.
- changed Published orders do not move. Country results change only where nothing serves the country: in India bill pay keeps Bitcoin Well first and now shows Strike second, as published; 35 such runs across all categories and countries now match the published list exactly.
- 10 October 2026
2026.10.7Forty-one more products are offered only where their own quoted terms serve- fixed 141 country exclusions on 31 rows, each the name of a country the row's own quoted terms exclude: for example Mercuryo Hungary, China, Pakistan, Bangladesh, Chile, Colombia and Morocco; Gemini Custody the United Kingdom, Australia and the EU after its wind-down; Backed xStocks the US, Canada, the UK, Australia, Nigeria, the Philippines and Venezuela.
- changed Thirteen rows list the only countries their terms serve: Coins.ph the Philippines, Spritz bill pay, Brex, Unchained, WisdomTree, Franklin BENJI and AnchorWatch the United States (with its territories for AnchorWatch), PRYPCO Mint the UAE, N26 crypto seven EU countries, Gemini Tokenized Stocks the EU, XNET the US, Canada and the UK, Coldbit Steel and MetaMask Card the countries they list.
- changed Published (no-country) orders do not move. Country results change: in India six categories each lose one row (bill pay, cards, off-ramps, P2P, seed backup, tokenised real estate), and bill pay there has no row confirmed available, so it shows the published order marked as such; country pages list 23 fewer rows (24,357 to 24,334). The grounding test now matches full country names in any case, which shows seven earlier exclusions were quoted all along: the named debt of unquoted exclusions falls from 40 to 33 pairs.
- 10 October 2026
2026.10.6A criterion you require re-scores the rows that meet it · platform-wide- changed The explorer sends each criterion you require, at any band, as fit_required with your other answers; region, licence, chain and fact filters stay filters. On /best, a required criterion joins For you as a marked preference does, which needs your country; Overall stays the published ranking, filtered.
- added Every published criterion has a golden case as the explorer sends it (require:<criterion>), so the order a requirement gives is replayed and gated as the published order is, and a change to it needs an entry here.
Methodology 2026.10.18, the same published run every visitor sees · receipt stablecoin_yield:spiko:2026.10.18:8109fb8e2d2b
Are you Spiko (USTBL / EUTBL)? Reply to this verdict, or send evidence, ask for a correction or claim the listing. Every message gets a public ticket number; none of it changes a rank unless a public page or a signed statement supports it.