Hua Stablecoin: Wāhi ki te Whiwhi i te Reiti Pai i te 2026
Compare the main stablecoin yield platforms, understand where the yield comes from, and learn the strategies used to earn interest on USDC without exposure to crypto price swings.
He aha ngā moni pūmau mō te hua?
Earning yield on volatile assets such as ETH or BTC means your return depends on the price. A 5% APY (annual percentage yield) on ETH is wiped out if the token drops 40% in a month. Stablecoins are designed to hold a 1:1 value against a fiat currency such as the US dollar, so the interest you earn is measured in dollars and your principal is not exposed to crypto price swings.
Mō ngā kaipupuri moni tūpato, mō te tangata rānei e hanga ana i tētahi pōkete pūtea whakawhiti kore (DeFi) tūpato, ka whakakotahitia e te hua o te moni pūmau ngā reiti tukuā ā-poraka me te pūmautanga utu o te tāra o Amerika. Ka noho pūmau tō moni matua i roto i ngā tāra, ā, ka piki haere te huamoni. Ko ngā mōrearea e toe ana ko ngā mōrearea pūhara me te moni pūmau, e kōrerohia ana i te wāhanga mōrearea i raro nei.
Stablecoins are one of the largest asset classes on-chain. The live supply of each stablecoin is published on DefiLlama, and the amount of USDC in circulation is published by Circle (see Sources). Per Circle, USDC is backed by cash and short-dated US Treasury securities. This supply feeds deep lending markets, which is why there are many places to earn interest on stablecoins.
Kāore he panoni utu
Ka mau tonu te uara tāra o tō pūmatua. Ka noho tonu te uara o tētahi pūtea USDC $10,000 ki te $10,000 ahakoa he aha te mahi a Bitcoin, Ether rānei, i te mea ka mau tonu te pēke o te moni pūmau.
Ngā Whakahokinga ā-Tāra
Ka whakahuahia, ka utua hoki te reiti i roto i ngā kupu tāra. He taurangi ngā reiti tuku DeFi, ā, ka kitea oratia i runga i ia kawa; ko tētahi hua reiti pūmau pēnei i te Coinstancy Dollar Savings ka whakaatu ki a koe i te reiti e mana ana i tēnei wā i mua i tō tuku pūtea.
E Tika ana mō ngā Kaipupuri Haumaru
He pai mō ngā kaipupuri moni tūpato e hiahia ana ki te huamoni ā-poraka me te kore e pā ki ngā hekenga nui o ngā rawa crypto whakawhitiwhiti.
Nō hea te hua o te stablecoin e puta mai ana
He pātai noa mai i ngā tauhou: "Ki te kore ngā stablecoin e piki te utu, nō hea te huamoni?" He pātai tika. Ka puta mai te huamoni stablecoin i ngā puna e whā e mōhiotia ana, ka taea te tirotiro i ia o ēnei ā-poraka, i roto rānei i ngā tuhinga kawa (tirohia ngā Puna).
Uruwhenua
The largest source of stablecoin yield is borrowing demand. Traders borrow stablecoins to leverage their positions: they deposit ETH as collateral, borrow USDC, buy more ETH, and repeat. When a larger share of a lending pool is borrowed, the protocol's interest rate model raises the borrow rate, which raises the APY paid to lenders. When demand drops, both fall.
Ngā kawa tuku moni pēnei i a Aave, Compound me Morpho e whakahaere ana i tēnei mākete. Ko te huamoni e utua ana e ngā kai-tārewa ka riro ki ngā kai-tuku, hāunga te wāhanga e puritia ana e te kawa (e kīia ana e Aave ko te reserve factor, tirohia ngā Puna). He rite tonu te tauira ki te tuku moni a te pēke, engari ko te reiti ka whakaritea e tētahi tātai i runga i te porowhita, kāore e te pēke.
Utu Kaiwhakarato Māmā
Decentralized exchanges need stablecoin liquidity for trading pairs. When you provide USDC to a stable pair pool (for example a USDC/USDT pool on Curve), you earn a share of every swap fee generated by that pool. Each pool charges a small fee per swap, set per pool and shown on its page (see the Curve documentation in Sources). The return depends on trading volume relative to the size of the pool.
Nā te mea e whai ana ngā rawa e rua i te uara tāra ōrite, he iti te ngaronga kore pūmau i te wā e mau ana ō rāua here. Nā reira ko ngā puna pūmau tētahi o ngā rautaki whakatipu hua he iti ake te tūpono, ahakoa ki te wetewete i tētahi rawa o te puna ka nui ake te pupuri i a ia.
Ngā Whakamāramatanga o te Kaupapa
He maha ngā kawa DeFi e tohatoha ana i tā rātou tohu whakahaere hei kukume i ngā pūtea tāpui. Ka utua e Compound te COMP ki ngā kaiwhakarato i roto i ōna mākete, ā, ka tohatohahia e Curve te CRV ki ngā puna whai ine (tirohia ngā Puna). Ka whakapiki ēnei whakatenatena i te APY whai hua, engari ko te wāhanga tāpiri ka utua ki tētahi tohu e neke ana tōna utu, ā, ka taea te whakaiti, te whakamutu rānei e te whakahaere. Me whakaaro ki ngā whakatenatena hei moni tāpiri ki runga ake i te huanga tuku moni, utu rānei, kaua ko te reiti tūāpapa.
Tautokanga Taonga o te Ao Tūturu
A growing share of on-chain stablecoin yield comes from real-world assets (RWAs), mainly short-dated US Treasury securities. The Sky protocol (formerly MakerDAO) funds its Dai Savings Rate and Sky Savings Rate from protocol revenue, which includes stability fees paid by borrowers and income from RWA collateral (see the Sky documentation in Sources). Tokenised Treasury funds bring the same off-chain yield to DeFi directly. As a result, part of stablecoin yield now follows traditional interest rates.
Stablecoin Yield Platforms Compared
We compare seven places to earn stablecoin yield, starting with our own platform, Coinstancy, then ordered by ease of use. Third-party rates change often, so we describe how each platform sets its rate and point you to the live figure rather than quoting a number that will be stale next month. DeFi rates are published on each protocol's app and aggregated on DefiLlama (see Sources).
Coinstancy
He whiringa ngāwari te Coinstancy Dollar Savings mō ngā kaipupuri haumi noa. Whakaurua USDC ka whiwhi i te 7.50% APY pūmau. Ka whakaemihia te huamoni ia hēkona, ā, ka whakaurua anō aunoa. Ko te whakaputu tērā, ā, ka taea e koe te tango i ngā wā katoa. Kāore he here, ko te whakaurunga iti rawa he $10, ā, kāore he mahi DeFi e hiahiatia ana i tō taha. Ka uru tuatahi tō USDC ki tētahi pūkete waitohu maha haumaru e whakahaerehia ana e Coinstancy i mua i tōna tukunga ki ngā rautaki on-chain kua tīpakohia. Ko te reiti pūmau e mana ana i tēnei wā ka whakahoutia pea i te hurihanga o ngā āhuatanga o te mākete.
Deposit USDC and your balance grows as interest accrues. There is nothing to manage, no positions to monitor and no gas fees to pay for claiming rewards.
Aave V3
Aave is one of the largest decentralized lending protocols by total value locked (TVL); the live figure is on DefiLlama. The USDC supply rate on Aave V3 is set by an interest rate model based on how much of the pool is borrowed, so it moves every block; the current rate per network is on the Aave app (see Sources). Self-custodial, no lock-up, deployed on Ethereum and several Layer 2 networks. The trade-offs are a variable rate and gas costs for deposits and withdrawals on Ethereum mainnet.
Morpho
Morpho he mea hanga i runga i ngā mākete tuku moni motuhake, kotahi te rawa tāpui, kotahi te rawa tārewa me ngā tawhā mōrearea pūmau mō ia mākete. Ko ngā putea kua whakahaerehia e ngā kaiwhakahaere mōrearea tuatoru (hei tauira, Steakhouse Financial, Gauntlet, RE7 rānei) ka horahia ngā pūtea ki aua mākete. Ko te reiti o tētahi putea ka whakawhirinaki ki ngā mākete ka kōwhiria e tōna kaitiaki me te nui o te tārewa, nō reira he rerekē tētahi putea ki tētahi; kei te taupānga Morpho ngā reiti ora (tirohia ngā Puna). He uaua ake i a Coinstancy, engari he tiaki-whaiaro me te kōwhiringa o te kōtaha mōrearea.
Compound V3
Compound V3 (Comet) uses a single base asset per market, most often USDC. Supply USDC and earn the market's variable rate plus COMP token rewards, which have to be claimed. The live rate per market is on the Compound app (see Sources). Compound has run on Ethereum since 2018 and is one of the longest-operating lending protocols; V3 is also deployed on several Layer 2 networks, listed in the documentation.
Curve Finance
Curve is a decentralized exchange (DEX) specialised in stablecoin swaps. Providing liquidity to a stable pool (for example 3pool or a crvUSD pool) earns a share of swap fees plus CRV emissions on pools with a gauge. Locking CRV as veCRV boosts those emissions, up to 2.5 times per the Curve documentation (see Sources). The pool's rate depends on its trading volume and current emissions, shown on each pool page. This requires understanding the gauge system and suits experienced DeFi users comfortable with LP positions.
Beefy Finance
Beefy is a yield aggregator that auto-compounds rewards on many chains. Deposit into a stablecoin vault (a Curve LP position, an Aave pool or another lending market) and Beefy claims the rewards, sells them and re-deposits, keeping a performance fee. The APY varies widely by vault and chain and is shown on each vault page. It suits multi-chain yield farmers who want auto-compounding but still have to pick the vault themselves.
Sky (formerly Maker): DSR and SSR
Ka utua e te Dai Savings Rate (DSR) he hua i runga i te DAI, ā, ka utua e te Sky Savings Rate (SSR) he hua i runga i te USDS, te stablecoin hou o taua kawa. Ka utua ēnei e rua e te moni whiwhi o te kawa: ngā utu pūmautanga ka utua e ngā kai-tārewa me te moni whiwhi mai i te taunaha, tae atu ki ngā rawa o te ao tūturu (tirohia te tuhinga Sky i roto i ngā Puna). Ka whakatauhia te reiti e te pōti kāwanatanga, kāore e te hiahia o te mākete, nō reira ka taea te huri i tētahi pōti; kei te taupānga Sky te tatauranga o nāianei. Te pūtea rawa kotahi, kāore he ngaronga taupua, kāore he raka. Me pupuri koe i te DAI, i te USDS rānei, kaua ko te USDC.
Whiwhi 7.50% APY i runga i te USDC
Ka whakaemihia te huamoni ia hēkona, ka whakamahi anō aunoa. Kāore he here, ka taea te tango i ngā wā katoa. He torutoru meneti noa te roa ki te whakatuwhera pūkete.
Tīmata Whiwhi Moni InāianeiRipanga Whakatauranga Papamahi
Ngā pūhara e whitu e noho tahi ana. Kāore e whakahuahuatia ngā reiti a te hunga tuatoru i konei nā te mea ka huri: ka whakaatu te tīwae APY i te āhua o te whakatau i ia reiti, ā, kei te puna kua whakarārangihia ki ngā Puna te tau ora. Ko te reiti Coinstancy te reiti pūmau e mana ana ināianei.
| Papamahi | APY | Moni pūmau | Kati | Min Deposit | Utu | Uauatanga |
|---|---|---|---|---|---|---|
| Coinstancy | 7.50% | USDC | Kore | $10 | Kāore he utu hinu | Tauhou |
| Aave V3 | Variable, set by utilisation | USDC, USDT, DAI | Kore | Kore | Utu hinu | Waenga |
| Morpho | Tērā, he rerekē mō ia pūranga | USDC, USDT | Kore | Kore | Utu hinu | Waenga |
| Compound V3 | Variable, plus COMP rewards | USDC | Kore | Kore | Utu hinu | Waenga |
| Curve | Swap fees plus CRV, per pool | USDC, USDT, DAI, crvUSD | Kore | Kore | Utu hinu + utu whakawhiti | Arāka |
| Beefy | Tērā pea, mō ia pou me ia mekameka | Mō ngā token maha | Kore | Kore | Utu whakatinana | Waenga |
| Sky DSR / SSR | Set by governance vote | DAI / USDS | Kore | Kore | Utu hinu | Waenga |
Ngā rautaki hua stablecoin
There are several ways to earn yield on stablecoins, from a single deposit to multi-protocol strategies. Pick the approach that matches your risk tolerance, the time you can spend and your DeFi experience. Expected rates are not quoted below because they move with the market; check the live figures at the sources. Our guide on how APY works in crypto helps compare them.
Māhinga Māmā
Whakauruhia te USDC ki roto i tētahi kawa tuku moni (Aave, Compound) rānei i tētahi pūhara hua (Coinstancy) ka whiwhi huamoni ka utua e ngā kai-tango moni. Koinei te rautaki iti rawa te mahi. Ko ngā mōrearea matua ko te mōrearea kirimana atamai, ā, mō tētahi pūhara, ko te mōrearea hoa-taha.
Tāwhana Pūtete LP
Provide liquidity to stablecoin-only pools on Curve, Balancer or Uniswap V3 (tight range). Because both assets track the dollar, impermanent loss is small while both hold their peg. You earn swap fees plus any protocol incentives (CRV or BAL emissions).
Pāriwhakaata Whakaurunga (Huringa)
Deposit USDC as collateral on a lending protocol, borrow USDC against it, re-deposit the borrowed amount, and repeat. This multiplies your supply position. On a single pool the borrow rate is always above the supply rate, so looping only pays when token incentives or a separate rate difference outweigh that gap. It requires close monitoring of your health factor and liquidation threshold.
Whakarāpopoto Hua
Use a platform such as Beefy or Yearn that compounds rewards automatically and moves capital between protocols. Deposit once and the vault strategy does the rest, for a performance fee. Coinstancy Dollar Savings offers a simpler experience with a fixed 7.50% APY on USDC, the rate currently in force, which may be revised as market conditions evolve.
Arotakenga mōrearea
Stablecoin yield is not risk-free. Here are the main risks and how to assess them.
Mōrearea Kirimana Atamai
Every DeFi protocol runs on smart contracts that can contain bugs. Audited contracts have been exploited before. Reduce the risk by using established protocols with a long track record, several published audits and a bug bounty programme, and do not put all your capital in one protocol.
Mōrearea Depeg
A stablecoin can trade away from $1 during a liquidity crisis, an issuer problem or a market panic. In March 2023 USDC traded below $0.90 on some exchanges after Circle disclosed reserves at the failed Silicon Valley Bank, and returned to $1 within days. Prefer stablecoins with published, regularly attested reserves (see the Circle transparency page in Sources).
Mōrearea Ture
Stablecoin rules differ by country and keep changing. In the European Union, the Markets in Crypto-Assets Regulation (MiCA, Regulation (EU) 2023/1114) sets requirements for stablecoin issuers and bans issuers from paying interest on e-money tokens (see Sources). New rules can affect which stablecoins a platform may offer and how yield products are structured where you live.
Mōrearea Kaupapa
Governance attacks, oracle manipulation and poor risk parameters can lead to losses. Assess a protocol by its TVL history (on DefiLlama), team transparency, governance structure and how it handled past incidents. Several years of operation without loss of user funds is a good sign, not a guarantee.
Me pēhea te Arotake i tētahi Pūrere
- Audit history: check for several independent security audits from known firms (for example Trail of Bits, OpenZeppelin or Spearbit), published in the protocol documentation.
- TVL and track record: higher TVL and a longer operating history mean the code has been tested under real conditions. Be careful with new protocols offering unusually high rates.
- Yield source transparency: understand where the yield comes from. If a platform cannot explain its yield source clearly, avoid it.
- Withdrawal terms: prefer platforms with no lock-up and clear settlement times. A lock-up means you cannot react if conditions change.
- Rate sustainability: compare a platform's rate with the live lending rates on DefiLlama. A rate far above them needs an explanation, and the explanation should be checkable.
Me pēhea te tīmata ki te whiwhi hua moni pūmau
Here is a step-by-step walkthrough using Coinstancy Dollar Savings, a simple way to start earning 7.50% APY on USDC. It takes a few minutes.
Waihangahia tō Pūkete
Go to app.coinstancy.com and sign up with your email address. Verify your email, then complete identity verification (KYC), which is required before you can deposit.
Tuku USDC
Transfer USDC to your Coinstancy account from any exchange or wallet. The minimum deposit is $10. Your USDC first enters a secure multisignature wallet operated by Coinstancy before being deployed into the selected on-chain strategies. Your USDC then earns 7.50% APY.
Earn Compound Interest
Interest accrues every second and is automatically reinvested. There is nothing to claim, no rewards to harvest and no positions to manage. You can follow your balance on your dashboard.
Tukua i ngā wā katoa
There is no lock-up period and no penalties. You can request a withdrawal at any time. Complete requests are normally settled within 48 calendar hours; final network confirmation may take longer. Coinstancy charges no fee on Savings withdrawals.
Ready to Earn 7.50% APY on USDC?
Interest accrues every second and is automatically reinvested. No lock-up, withdraw anytime, nothing to manage.
Whakatuwhera Pūkete CoinstancyHua Moni Pūmau ki ngā Penapena Pēke
How does stablecoin yield on Coinstancy compare with a bank savings account? Here is a $10,000 comparison over three time horizons. The bank column uses the US national average savings rate of 0.37% APY published by the FDIC as of September 2026 (see Sources). The Coinstancy column uses the current 7.50% fixed APY of Dollar Savings, with interest accruing every second and automatically reinvested, and assumes the current fixed rate stays unchanged for the whole period, which is not guaranteed. Illustrative only.
| Wā | Bank Savings (0.37% APY) | Coinstancy (7.50% APY) | Whiwhi Anō |
|---|---|---|---|
| 1 Tau | $10,037 | $10,750 | +$713 |
| 3 Tau | $10,111 | $12,423 | +$2,312 |
| 5 Tau | $10,186 | $14,356 | +$4,170 |
Ngā Takeaway Matua
- 20x the bank average: at the current rate, Coinstancy Dollar Savings would generate about 20 times more first-year interest than the FDIC national average savings rate on the same $10,000 deposit.
- Compounding: over 5 years, automatic reinvestment at 7.50% would turn $10,000 into $14,356 if the current rate stayed unchanged. The longer the horizon, the larger the share of the gain that comes from interest on interest.
- Flexible access: Unlike CDs or fixed-term deposits, Coinstancy has no lock-up and no penalties: you can withdraw anytime, with requests normally settled within 48 calendar hours.
Ngā Pātai Auau
He aha te ara haumaru rawa ki te whiwhi hua i runga i ngā moni pūmau?
Is 7.50% APY on stablecoins realistic and sustainable?
Ka taea e ngā moni pūmua te ngaro i tā rātou hononga, ā, he aha te pānga ki taku hua?
Me utu tāke au mō te hua o te stablecoin?
He aha te rerekētanga i waenga i te APY me te APR mō ngā moni pūtea pūmua?
E hia te moni ka whiwhi au i te $10,000 i ngā moni pūmau?
Haere tonu ki te ako
Tirohia atu ētahi atu aratohu mō ngā rautaki hua DeFi me ngā tikanga.
He aha te APY i roto i te Crypto?
Mārama ki te APY me te APR, me te pēhea e mahi ai te painga tuitui i te DeFi, me te āhua o te tatau i ō hua tūturu.
Pānui AratohuAratohu Morpho
How Morpho works: isolated markets, curated vaults and what the curator decides for you.
Pānui AratohuBeefy Finance Aratohu
Auto-compounding yield aggregation on many chains: how Beefy vaults work and what they charge.
Pānui AratohuAratohu Katoa mō te DeFi
Mārama ki te DeFi mai i te A ki te Z: ngā tikanga, ngā mōrearea me ngā whai wāhitanga, i whakamāramatia i te reo Wīwī.
Pānuihia i runga i a CryptAhitiTimata ki te whiwhi hua Stablecoin i tēnei rā
Earn 7.50% APY on USDC with Coinstancy Dollar Savings. Interest accrues every second and is automatically reinvested. No lock-up, withdraw anytime. A simple way to put your stablecoins to work.
Tīmata te whiwhi moni i te CoinstancyNgā puna me ngā pānuitanga atu anō
Ka whakawhirinaki ngā tatauranga me ngā kerēme o tēnei whārangi ki ngā tuhinga kei raro nei. Ka neke ngā tatauranga pā ki te wā (reiti, hua, utu, raraunga mākete): tirohia te uara ora i te puna i mua i te mahi.
- Circle, te mārama o USDCcircle.com
USDC reserve composition (cash and short-dated US Treasuries), monthly reserve reports and USDC in circulation.
- Sky documentation (formerly MakerDAO)docs.sky.money
DAI and USDS, the Dai Savings Rate and Sky Savings Rate, how governance sets them and where protocol revenue comes from.
- Tuhinga Aaveaave.com
How supply and borrow rates are set from pool utilisation, the reserve factor, and the networks Aave V3 is deployed on.
- Tuhinga Morphodocs.morpho.org
Isolated Morpho markets, curated vaults and the role of vault curators.
- Compound documentationdocs.compound.finance
Compound V3 (Comet) single base asset model, COMP rewards and supported networks.
- DefiLlama, Stablecoinsdefillama.com
Live supply of each stablecoin. The Yields section of the same site lists live supply APYs and TVL per protocol.
- FDIC, Ngā reiti ā-motu me ngā tāpiringa reitifdic.gov
US national average savings rate (0.37% as of September 2026), updated monthly.
- Regulation (EU) 2023/1114 (MiCA), EUR-Lexeur-lex.europa.eu
EU rules for stablecoin issuers, including the ban on issuers paying interest on e-money tokens.
I arotakea whakamutunga: Mahuru 2026. Ka whakatuwheratia ngā hononga o waho ki tētahi tihopa hou; kāore a Coinstancy e whai kawenga mō ō rātou ihirangi.
Ready to Earn 7.50% APY on USDC?
No lock-up, withdraw anytime. Interest accrues every second and is automatically reinvested. Start earning stablecoin yield with Coinstancy today.