Resolv is a delta-neutral stablecoin protocol revolves around tokenizing a market-neutral portfolio. The architecture is based on an economically viable and fiat-independent yield source. This allows to distribute competitive returns to liquidity providers of 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.

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.

Noon is a yield–generating stablecoin protocol that ensures maximum value flows to users. 80% of deployment returns go to holders of staked stablecoins (sUSN). 10% goes to Insurance Fund—unused funds flow back to staked governance tokens (sNOON). 10% covers ops costs (and any excess flows to Insurance Fund).

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.

Aegis is a stablecoin platform backed by Bitcoin. Its YUSD is completely independent of the fiat banking system and is designed to protect savings from fiat hyperinflation. Aegis effectively profits from funding fees by performing funding rate arbitrage through delta-neutral trading in the spot and perpetual contract markets. Aegis will also provide an easy-to-use platform through a partnership with Riverside Hedge to enable people to access DeFi and achieve instant liquidity of funds.

The MAITRIX is a next-generation stablecoin protocol, allowing AI projects to issue their own Intelligent Stablecoin backed by their native token. Token holders can use the MAITRIX to mint supported AI USDs, stake for rewards, and provide liquidity through select token pairs.

BIMA is an omni-chain stablecoin protocol on Bitcoin. Users across the BTC ecosystem can stake Bitcoin as collateral, restake liquid staking tokens, and mint USBD (Universal Stable Bitcoin Dollar).

Level is a stablecoin protocol powered by restaked dollar tokens like USDT and USDC. Level USD (lvlUSD) is a liquid restaked dollar: a yield-bearing, cross-chain dollar token that's backed 1:1 by restaked stablecoins.

Avalon Labs is a BTCFi protocol aims to increase the use of Bitcoin within its platform by allowing users to unlock the value of their holdings by using them as collateral to obtain USDa. Avalon Labs also offers financial products such as Bitcoin-backed loans, interest-bearing savings accounts, and a credit card.

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.

Stable++ is an RGB++ based, over-collateralized stablecoin protocol, using BTC and CKB as collateral while USD-pegged stablecoin RUSD is minted in return. Additionally, the protocol is safeguarded by an innovative mechanism designed to ensure all liquidations are processed efficiently and effectively.

Yala connects Bitcoin liquidity with a meta yield stablecoin. Designed as both a potent asset and a liquidity enhancer, the stablecoin, yU, operates across various ecosystems, increasing efficiency without the need for bridges or relocating the underlying Bitcoin. Yala empowers Bitcoin holders and ecosystem participants with expanded utility, all while maintaining the security of Bitcoin’s infrastructure.

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.

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.

Azos is an over-collateralized stablecoin protocol that dampens collateral volatility, unlocks latent liquidity and produces stable assets. It is a foundational decentralized finance primitive for establishing new markets and enabling infinite impact innovation. The protocol allows users to deposit various tokenized assets such as green bonds, carbon credits, and renewable energy certificates in order to secure a line of credit in the form of the ZAI stablecoin.

Satoshi Protocol is an universal stablecoin protocol backed by Bitcoin. It allows users to deposit BTC/staked-BTC/USDC as collateral to mint the stablecoin $SAT on both Bitcoin mainnet and multiple L2s.

Usual is a fiat-backed stablecoin protocol that plans to launch USD0, a permissionless and fully compliant stablecoin backed 1:1 by real-world assets (RWAs), and USUAL, a governance token that allows the community to guide the future evolution of the network. Usual addresses current stablecoin market issues by redistributing profits to the community, rewarding token holders with real yields generated by the RWAs.

USDFC is a stablecoin developed by Secured Finance, pegged 1:1 to USD and backed by Filecoin (FIL) as collateral. It aims to provide liquidity and stability within the Filecoin ecosystem, enabling fixed-rate lending and cross-chain swaps via integrations with Axelar and Squid on the Filecoin Virtual Machine (FVM).

CAP is a stablecoin engine to break users free from the cycle of endogenous models. CAP’s stablecoin engine will produce redeemable stablecoins of various denominations, such as USD, BTC, and ETH. Their goal will be to democratize access to what was previously only available to a few sophisticated and already-wealthy actors. This includes the deepest wells of yield, such as arbitrage, MEV, and RWAs.

USD.ai develops a yield-bearing synthetic flatcoin backed by compute resources, AI hardware, and network nodes. It finances decentralized infrastructure assets like GPUs and cell towers to address liquidity gaps. The platform uses $USDAI token for transactions, offering yield through asset-backed stability.

Rings is a dollar stablecoin for USD & ETH offering competitive yield for stakers, providing deep liquidity for Sonic DeFi, and funding Sonic DeFi projects via its lockers.

Pi Protocol is a stablecoin infrastructure that enables individuals and institutions to mint, distribute and profit from stablecoins. By sharing income directly with users, its over-collateralized model (backed by real-world assets such as Treasury bonds and money market funds) ensures stability and returns.

Bucket Protocol is a Collateralized Debt Position (CDP) protocol within the Sui ecosystem, supporting multiple assets for collateralization while extending stablecoin loans in $BUCK at a zero-interest rate. Its real-time liquidation mechanism ensures both security and capital efficiency, and the inbuilt flash loan services facilitate the price stability of the stablecoin BUCK.

Sky is a peer-to-contract lending platform that enables over-collateralized loans by locking Ether in a smart contract and minting Dai, a stablecoin pegged to the US dollar. Dai's stability is achieved through a dynamic system of collateralized debt positions, autonomous feedback mechanisms, and incentives for external actors. Once generated, Dai can be sent to others, used as payments for goods and services, or held as long-term savings.

Lista DAO is a decentralized stablecoin lending protocol powered by LSDfi. Users can undergo staking and liquid staking on Lista, as well as borrow lisUSD against a variety of decentralized collateral. Lista aims to position lisUSD as the number one stablecoin in the crypto space, leveraging on innovative liquid staking solutions.

Quill is a decentralized and over-collateralized stablecoin protocol operating on the zK-Rollup-based Scroll network and governed with its native token QUILL. It is forked from Liquity V2 and empowers users to mint the USDQ stablecoin by collateralizing assets such as wstETH. This mechanism allows users to access liquidity while maintaining their exposure to the collateral.

Halo is a digital dollar protocol based on Hyperliquid, and its issuance of HUSD is a treasury-backed stablecoin that will be available on both HyperCore and the HyperEVM. Accordingly, users will be able to trade it against USDC on a spot order book as well as use it across integrated DeFi applications. Its collateral backing will be visible down to each individual International Securities Identification Number (ISIN) or equivalent token, with attestations pushed daily. HUSD can be minted with, or redeemed for, this underlying collateral by institutional entities onboarded with Halo’s service provider, MXON.

ORIGIN is a DeFi 3.0 protocol based on the algorithmic non-stablecoin LGNS, aiming to establish a privacy-anonymous stablecoin payment ecosystem. ORIGIN achieves stable and predictable currency issuance through advanced algorithmic technology, allowing individuals to issue algorithmic non-stablecoins and mint them into algorithmically private and anonymous stablecoins, reducing dependence on traditional central banks.

Open Dollar is an over-collateralized stablecoin protocol, Support borrow against Liquid Staking Tokens & Arbitrum native assets.