Best USDT yield on Ethereum
15 USDT pools on Ethereum pass our safety filters right now, from 8 protocols, holding $1.81B in total. The best 30-day average is 12.05% on Morpho Blue (FCUSDT), and the middle of the pack earns about 3.86%.
Compared with their own 30-day averages, 1 option is rising and 7 are falling today.
Last updated · refreshes every 6 hours (next ≈ 06:07 UTC) · Data: DefiLlama ↗
Best 30d avg
12.05%
Morpho Blue · FCUSDT
Best rated Safer (80+)
12.05%
Morpho Blue · score 85
Options ranked
15
Pass safety filters
TVL in these pools
$1.81B
Ranked by 30-day average
SafetyHow it's scored
15 options match
- 1
Morpho Blue
FCUSDT · Ethereum
12.05%30d avg
Now 10.11%TVL $39.2MVolatileDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%100$11.1B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%53$39M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%70Listed on DefiLlama 2.8 years ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%83APY has been steady: 30-day range 8.90%–15.35%, today 10.11% vs 30-day average 12.05%.
- Reward-token reliance · 10%4753% of today's rate is paid in reward tokens, which can fall in price or stop.
- Stablecoin peg health · 12%100USDT's worst daily price in the past year was 0.21% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- Reward tokens
- 5.32% of the rate is paid in reward tokens, which can fall in price.
- Source
- DefiLlama pool page ↗Morpho Blue website ↗
- 2
ZEROBASE CeDeFi
USDT · Ethereum
9.00%30d avg
Now 9.00%TVL $14.2MSteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%26$61M deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%38$14M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%35Listed on DefiLlama 1.4 years ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%100APY has been steady: 30-day range 9.00%–9.00%, today 9.00% vs 30-day average 9.00%.
- Reward-token reliance · 10%7822% of today's rate is paid in reward tokens, which can fall in price or stop.
- Stablecoin peg health · 12%100USDT's worst daily price in the past year was 0.21% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Moderate = 60–79. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- Reward tokens
- 2.00% of the rate is paid in reward tokens, which can fall in price.
- Source
- DefiLlama pool page ↗ZEROBASE CeDeFi website ↗
- 3
Aave V3
USDT · Ethereum
5.42%30d avg
Now 5.48%TVL $60.2MSteadySteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%100$15.4B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%59$60M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%100Listed on DefiLlama 4.6 years ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%25Aave V3 hacked Mar 2026, $862K lost, funds mostly returned.
- APY volatility · 14%95APY has been steady: today 5.48% vs 30-day average 5.42%.
- Reward-token reliance · 10%6931% of today's rate is paid in reward tokens, which can fall in price or stop.
- Stablecoin peg health · 12%100USDT's worst daily price in the past year was 0.21% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- Note
- Umbrella
- Reward tokens
- 1.69% of the rate is paid in reward tokens, which can fall in price.
- Source
- DefiLlama pool page ↗Aave V3 website ↗
- 4
Maple
USDT · Ethereum
5.29%30d avg
Now 4.96%TVL $691.8MSteadySteadyDetails
Safety scoreConfidence: High (90% of weighted inputs known)- Protocol size (TVL) · 12%81$2.6B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%95$692M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%unknownListing date unknown. Counted as 30/100 until we know more.
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%86APY has been steady: today 4.96% vs 30-day average 5.29%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDT's worst daily price in the past year was 0.21% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Down (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- Note
- Syrup USDT
- Source
- DefiLlama pool page ↗Maple website ↗
- 5
Compound V3
USDT · Ethereum
4.83%30d avg
Now 4.21%TVL $15.4MFallingSteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%71$1.3B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%40$15M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%100Listed on DefiLlama 4.1 years ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%88Compound V2 (same team, different product) hacked Sep 2021, $147M lost.
- APY volatility · 14%69APY moves around: today 4.21% vs 30-day average 4.83%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDT's worst daily price in the past year was 0.21% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- 6
Fluid Lending
USDT · Ethereum
4.74%30d avg
Now 6.08%TVL $119.7MRisingVolatileDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%60$616M deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%69$120M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%67Listed on DefiLlama 2.7 years ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%0Fluid Lending hacked May 2026, $215K lost.
- APY volatility · 14%58APY moves around: today 6.08% vs 30-day average 4.74%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDT's worst daily price in the past year was 0.21% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Down (shown for information, not scored).
Moderate = 60–79. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- 7
Morpho Blue
BBQUSDT · Ethereum
4.22%30d avg
Now 3.78%TVL $20.1MFallingSteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%100$11.1B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%43$20M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%70Listed on DefiLlama 2.8 years ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%83APY has been steady: today 3.78% vs 30-day average 4.22%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDT's worst daily price in the past year was 0.21% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- 8
Aave V3
USDT · Ethereum
3.86%30d avg
Now 3.79%TVL $159.1MSteadySteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%100$15.4B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%73$159M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%100Listed on DefiLlama 4.6 years ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%25Aave V3 hacked Mar 2026, $862K lost, funds mostly returned.
- APY volatility · 14%76APY moves around: today 3.79% vs 30-day average 3.86%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDT's worst daily price in the past year was 0.21% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Down (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- 9
Spark Savings
USDT · Ethereum
3.76%30d avg
Now 4.00%TVL $406.7MSteadySteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%71$1.3B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%87$407M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%28Listed on DefiLlama 1.1 years ago (full marks at 4 years).
- Audits · 12%0No audits listed on DefiLlama.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%91APY has been steady: today 4.00% vs 30-day average 3.76%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDT's worst daily price in the past year was 0.21% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Moderate = 60–79. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- 10
SparkLend
USDT · Ethereum
3.66%30d avg
Now 3.53%TVL $15.1MSteadySteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%90$5.0B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%39$15M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%88Listed on DefiLlama 3.5 years ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%81APY has been steady: today 3.53% vs 30-day average 3.66%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDT's worst daily price in the past year was 0.21% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- 11
Morpho Blue
GUSDTQ · Ethereum
3.61%30d avg
Now 3.02%TVL $10.9MFallingSteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%100$11.1B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%35$11M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%70Listed on DefiLlama 2.8 years ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%74APY moves around: today 3.02% vs 30-day average 3.61%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDT's worst daily price in the past year was 0.21% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- 12
Morpho Blue
STEAKUSDT · Ethereum
3.59%30d avg
Now 3.01%TVL $80.8MFallingSteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%100$11.1B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%64$81M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%70Listed on DefiLlama 2.8 years ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%75APY moves around: today 3.01% vs 30-day average 3.59%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDT's worst daily price in the past year was 0.21% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- 13
Morpho Blue
SKYMONEYUSDTSAVINGS · Ethereum
3.48%30d avg
Now 3.19%TVL $59.0MSteadySteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%100$11.1B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%59$59M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%70Listed on DefiLlama 2.8 years ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%85APY has been steady: today 3.19% vs 30-day average 3.48%.
- Reward-token reliance · 10%7921% of today's rate is paid in reward tokens, which can fall in price or stop.
- Stablecoin peg health · 12%100USDT's worst daily price in the past year was 0.21% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- Reward tokens
- 0.66% of the rate is paid in reward tokens, which can fall in price.
- Source
- DefiLlama pool page ↗Morpho Blue website ↗
- 14
Morpho Blue
STEAKUSDT · Ethereum
3.42%30d avg
Now 2.85%TVL $77.9MFallingSteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%100$11.1B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%63$78M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%70Listed on DefiLlama 2.8 years ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%74APY moves around: today 2.85% vs 30-day average 3.42%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDT's worst daily price in the past year was 0.21% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- 15
Morpho Blue
SPARKUSDTBC · Ethereum
3.22%30d avg
Now 2.70%TVL $40.5MFallingSteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%100$11.1B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%54$41M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%70Listed on DefiLlama 2.8 years ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%75APY moves around: today 2.70% vs 30-day average 3.22%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDTB's worst daily price in the past year was 0.46% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
Education, not financial advice. Rates change; DeFi carries smart-contract and depeg risk. Do your own research.
Questions
What is the best USDT yield on Ethereum right now?
As of Nov 2, 2026, 03:57 UTC, Morpho Blue (FCUSDT on Ethereum) has the highest 30-day average at 12.05%, with $39.2M deposited. Its current rate is 10.11%. The top three are Morpho Blue (12.05%), ZEROBASE CeDeFi (9.00%), Aave V3 (5.42%).
How many options pass StableRate's filters?
15 pools currently qualify, holding $1.81B in total. We only count single-asset stablecoin pools with no impermanent loss, at least $10.0M deposited, 30+ days of history and a rate no higher than 25%. The middle option pays about 3.86%.
Is the USDT yield on Ethereum safe?
No yield is risk-free. These are smart contracts that can be exploited, the stablecoin can lose its $1 peg, and lenders can suffer bad debt. Deposits are not insured like a bank account, and higher rates usually mean more risk. On our Safety Score (0–100, from TVL, protocol age, audits, hack history, APY volatility, reward tokens, peg health and IL risk), Morpho Blue scores 85/100 (Safer). It is also the best-paying option rated Safer. A high score means fewer red flags in public data, not a guarantee.
How often is this page updated?
Rates are pulled from DefiLlama and refreshed every 6 hours (protocol details such as audits and hack history once a day). This page last updated at Nov 2, 2026, 03:57 UTC. If fewer than 3 options qualify, the page is removed instead of showing thin data.
Learn more
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